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Assume that a bond has an annual coupon rate of 6.80 percent, but makes coupon payment on a semi-annual basis, has a par value of
Assume that a bond has an annual coupon rate of 6.80 percent, but makes coupon payment on a semi-annual basis, has a par value of 1,000, a yield to maturity of 7.20 percent, and a current price of $965.081814107. Given this information, determine how many years it will be before this bond matures.
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