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A zero coupon bond has a face value of $1,000, a yield to maturity of 8 percent and a market price of $500. How many
A zero coupon bond has a face value of $1,000, a yield to maturity of 8 percent and a market price of $500. How many years is it until it matures? Assume semiannual compounding. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.47.)
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