How many years is it until the bond matures, Finance Basics

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How many years is it until the bond matures

Problem

The Wright Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 7.52 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?

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Finance Basics: How many years is it until the bond matures

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