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A bond that pays interest semiannually has a price of $ 1 , 0 5 0 and a semiannual coupon payment of $ 4 5

A bond that pays interest semiannually has a price of $

1, 050

and a semiannual coupon payment of $

45.00 .

If the par value is $

1, 000

and the yield to maturity is

8 %,

how many years will the bond maturity?

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