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Schneider Industries has an outstanding 9.2 percent, semiannual coupon bond with $1,000 par value and a yield to maturity of 9.18%. The bond's market price
Schneider Industries has an outstanding 9.2 percent, semiannual coupon bond with $1,000 par value and a yield to maturity of 9.18%. The bond's market price is $1,000.78. How many years until this bond matures? Don't round steps. 2 decimal answer.
_years
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