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12) The bonds of ESS Industries have a market price of $512.84, a face value of $1,000, and a yield to maturity of 7.34 percent.

12) The bonds of ESS Industries have a market price of $512.84, a face value of $1,000, and a yield to maturity of 7.34 percent. If the coupon rate of the bonds is 8%, how many years is it until these bonds mature? Assume semiannual compounding.

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