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The present value of a bond is $899.85, pays quarterly coupon, has a coupon rate of 4 percent, a yield to maturity of 6 percent,

The present value of a bond is $899.85, pays quarterly coupon, has a coupon rate of 4 percent, a yield to maturity of 6 percent, a par value of $1,000. How many years does it to maturity?

a. 48 years

b. 24 years

c. 12 years

d. 6 years

e. none of the options

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