9 Suppose a bond has the following characteristics a Coupon rate 9 APR b Coupons paid out semi annually c Yield 6 APR d Face Value $ 1 , 0 0 0 e Current Price $ 1 , 0 5 0 0 0 What is the term to maturity in years

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9 . Suppose a bond has the following characteristics: a . Coupon rate: 9 % APR b . Coupons paid out semi - annually c

9 .

Suppose a bond has the following characteristics:

.

Coupon rate:

9 %

APR

.

Coupons paid out semi

-

annually

.

Yield

= 6 %

APR

.

Face Value

=

1, 000

.

Current Price

=

1, 050.00

What is the term to maturity in years?

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