Calculate the term of the bond

Reference no: EM13281855

A bond with a face value of 100, 000 has coupons of 3% per annum payable semi-annually. It will be redeemed at par. It is purchased for a price of 91,825. At this price the yield to maturity is 4% per annum convertible semi-annually.

Calculate the term of the bond.

Reference no: EM13281855

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