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The Lo Sun Corporation offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent. The face
The Lo Sun Corporation offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent. The face value is $1,000. Interest is paid semiannually. How many years until this bond matures?
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A) 24.37 years B) 53.44 years C) 27.85 years D) 55.71 years E) 13.93 years
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