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A zero-coupon bond with a face value of $1,000 is currently selling for $687.38. The bond has a market yield of 5.48 percent per annum.

A zero-coupon bond with a face value of $1,000 is currently selling for $687.38. The bond has a market yield of 5.48 percent per annum. What is the bond's term to maturity, assuming semi-annual compounding?

a. 7.03 years

b. 6.93 years

c. 7.42 years

d. 6.62 years

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