How many years is it until this bond matures
The Lo Sun Corporation offers a 10 percent bond with a current market price of $896.37. The yield to maturity is 11.34 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
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How much additional money will be in the account if the saver defers retirement until age 70 and continues the contributions?
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