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1) A $100 face value bond offers a coupon rate of 10% and a yield rate of 13%. If the bond is priced at $90
1) A $100 face value bond offers a coupon rate of 10% and a yield rate of 13%. If the bond is priced at $90 then in how long (rounded to the nearest half year) should the bond mature?
Note: All bonds give semiannual coupons and the face value back at maturity. All rates are nominal semiannual rates.
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