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World Travel has 7 percent semiannual coupon bonds outstanding with a current market price of $1 023 46 a par

Question

World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par

value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature?

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