The Lo Sun Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 7.52 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
A) 8.5 years
B) 8.0 years
C) 9.0 years
D) 17 years
E) 16 years
A) 8.5 years
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Answer the following statement true (T) or false (F)
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