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A bond that currently sells for 1 1 6 7 . 8 9 has a par value of K 1 0 0 0 and annual

A bond that currently sells for

1167.89

has a par value of

K 1000

and annual coupon rate of

12 % .

The bond makes semi

-

annual coupon payments and the appropriate discount rate for the bond is

10 % .

How many years does this bond have remaining until it matures?

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