The Lo Sun Corporation offers a 6% bond with a current market price of $875.05. The yield to maturity is 7.34%. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures? A.16 yearsB. 18 yearsC. 24 yearsD. 30 yearsE. 32 yearsThe easiest way to solve this problem is using a financial calculator. You can then use the calculator answer as the time period in the formula just to verify that your answer is correct.The number of six-month periods is 32. The number of years is 16.AACSB: AnalyticBlooms: ApplyDifficulty level: 2 MediumTopic: Bonds and Bond Valuation