The Lo Sun Corporation offers a 6% bond with a current market price of $875.05. The yield to maturity is 7.34%. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?

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The bond has a yield to maturity of 7.34%, which is greater than the coupon rate of 6%. This means that the bond is selling at a discount. The number of years until maturity can be calculated using the following formula:Number of years until maturity = (Face value - Current market price) / (Coupon payment * (1 + Yield to maturity / 2)^(-2 * Number of years until maturity))Plugging in the given values, we get:Number of years until maturity = (1000 - 875.05) / (30 * (1 + 0.0734 / 2)^(-2 * Number of years until maturity))Solving for the number of years until maturity, we get:Number of years until maturity = 16 years

The Lo Sun Corporation Offers a 6% Bond with a Current