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The zero - coupon bonds of JK Industries have a market price of $ 3 1 8 . 4 6 , a face value of

The zero-coupon bonds of JK Industries have a market price of $318.46, a face value of $1,000,
and a yield to maturity of 6.69 percent. How many years is it until these bonds mature? Assume
semiannual compounding.
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