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How many years is it until this bond matures

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The Lo Sun Corporation offers a 5.3 percent bond with a current market price of $858.50. The yield to maturity is 6.29 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?

32.40 years
37.02 years
74.05 years
71.79 years
18.51 years

Please provide complete step to solve above problem.

 

Reference no: EM13273621

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