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ABC Company offers a 5% coupon bond with a current market price of $850.25. The yield to maturity is 7.34%. The face value is $1,000.
ABC Company offers a 5% coupon bond with a current market price of $850.25. The yield to maturity is 7.34%. The face value is $1,000. Interest is paid semiannually. What is the number of years until the bond matures?
Enter your answer rounded off to TWO decimal points.
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