The price of a Ford bond is $1,053. The par value is $1,000. It has a coupon rate of 4%. The coupons are paid twice a year. The current yield to maturity is 3.25%. How many years are remaining until maturity?

• 12.47 years

• 15.45 years

• 9.76 years

• 11.69 years

• 8.09 years