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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:
a. Coupon rate: 9% APR
b. Coupons paid out semi-annually
c. Yield =6% APR
d. Face Value = $1,000
e. Current Price = $1,050.00
What is the term to maturity in years?

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