How many years is it until this bond matures

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Reference no: EM13296524

The Lo Sun Corporation offers a 8 percent bond with a current market price of $893.01. The yield to maturity is 9.34 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?

14 years
15 years
23 years
16 years
17 years

Reference no: EM13296524

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