The Lo Sun Corporation offers a 6.1 percent bond with a current market price of $781.50. The yield to maturity is 8.43 percent. The face value is $1,000. Interest is paid semiannually. How many years until this bond matures

t = 18 93 years

Explanation:

Given Data;

Yield to maturity (r) = 0.0843/2 =  0.04215

Current market price = $781.50

Bond = 6.1%

Face value = $1,000

Pv = (%bond * fv/2) * (1-1/(1+r)^2t)/r+fv/(1+r)^2t

Where pv is the current value, fv is the face value, t is the time and r is the yield

Substituting into the formula, we have

781.50 = (0.06*1000/2) * (1-1/(1+0.04215)^2t) /0.04215+   1000/(1+0.04215)^2t

781.50 = 30.5 * (1 - 0.96^2t) /04215 + 959.55^2t

781.50 = 1.22^2t /0.04215 + 959.55^2t

After simplifying further,

t = 18 93 years

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.