The Lo Sun Corporation offers a 8% bond with a current market price of $875.05. The yield to maturity is 9.18%. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
A) 40 years
B) 52 years
C) 60 years
D) 65 years
E) 80 years
Correct Answer:
Verified
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