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The Lo Sun Corporation offers a 5.3 percent bond with a current market price of $858.50. The yield to maturity is 6.29 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
32.40 years37.02 years74.05 years71.79 years18.51 years
Please provide complete step to solve above problem.
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