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The price of a 36-year zero-coupon bond is 80% of its face value. A second bond, with the same price, same face value, and same
The price of a 36-year zero-coupon bond is 80% of its face value. A second bond, with the same price, same face value, and same annual effective yield rate, offers annual coupons with the coupon rate equal to 4/9 of the annual effective yield rate. Calculate the number of years until maturity for the second bond.
45
54
63
72
81
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