Question: A 9.00 percent annual coupon bond has a face value of $1,000, a market price of $1,089.37, and a yield-to-maturity of 8.00 percent. The

A 9.00 percent annual coupon bond has a face value of $1,000,

A 9.00 percent annual coupon bond has a face value of $1,000, a market price of $1,089.37, and a yield-to-maturity of 8.00 percent. The bond pays interest semi- annually. How many years is it until the bond matures? Please record your answer using the following format (16.50). Record your answer to two decimal places. Finally, do not add the 'years' to your answer. In the box calling for units, there are four (4) possible responses: dollars; percent; ratio; or years. Type into the units' box the appropriate for your answer. Your Answer:

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