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The Lo Sun Corporation offers a 5.7 percent bond with a current market price of $830.50. The yield to maturity is 8.15 percent. The face
The Lo Sun Corporation offers a 5.7 percent bond with a current market price of $830.50. The yield to maturity is 8.15 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
A) 20.77 years
B)10.39 years
C) 29.14 years
D) 5.19 years
E) 19.96 years
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