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Kaiser Industries has a 7 percent, annual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000

Kaiser Industries has a 7 percent, annual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000 and a yield to maturity of 6.72 percent. The bond was issued 11 years ago.

How many years from now will it be until this bond matures? (round answer to two decimal places)

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