Question
The Lo Sun Corporation offers a 6.4 percent bond with a current market price of $760.50. The yield to maturity is 8.52 percent. The face
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The Lo Sun Corporation offers a 6.4 percent bond with a current market price of $760.50. The yield to maturity is 8.52 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures? Options: 23.77 years 39.36 years 75.50 years 78.72 years 19.68 years
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
