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Mickey and Minnie just bought a zero coupon bond for $603.45, but they cannot recall when it matures. The yield to maturity equals 8.6%. Can
Mickey and Minnie just bought a zero coupon bond for $603.45, but they cannot recall when it matures. The yield to maturity equals 8.6%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.)
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