High Noon Sun, Inc. has a 5%, semi-annual coupon bond with a current market price of $988.52. The bond has a par value of $1,000 and a yield to maturity of 5.29%. How many years is it until this bond matures?
A) 4.0 years
B) 4.5 years
C) 6.5 years
D) 8.0 years
E) 9.0 years
Correct Answer:
Verified
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