Determine how many years is it until bond matures


The Lo Sun Corporation presents the 5.1 percent bond with the current market price of $746.50. Yield to maturity is 8.58 percent. Face value is $1,000. Interest is paid semiannually. How many years is it until bond matures?

i) 5.84 years

ii) 29.27 years

iii) 23.35 years

iv) 11.68 years

v) 22.39 years

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Mathematics: Determine how many years is it until bond matures
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