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Denel Enterprise (Pty) Ltd has a bond that is currently selling for R120,00 on the Bond Exchange of South Africa. The bond has a

Denel Enterprise (Pty) Ltd has a bond that is currently selling for R120,00 on the Bond Exchange of South Africa. The bond has a par value of R100,00 and a coupon payment of R5,00 every six months. In how many years' time will the bond mature if the market rate is 8%?

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