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the answer is 9 but I can't figure out how to get there A 1000 par value n-year bond maturing at par with annual coupons

image text in transcribedthe answer is 9 but I can't figure out how to get there

A 1000 par value n-year bond maturing at par with annual coupons of 100 is purchased for 1125. The present value of the redemption value is 500. Find n to the nearest integer

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