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Jack company's bond trades for $1,177.94.This bond has a face value of $1,000 and the yield-to-maturity on this bond is 6.5%.The coupons on this bond
Jack company's bond trades for $1,177.94.This bond has a face value of $1,000 and the yield-to-maturity on this bond is 6.5%.The coupons on this bond are paid once a year and the coupon rate on this bond is 11.6%. Figure out the number of years to maturity for this bond using info above. (2 decimals).
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