Nick bought a 10-year, $15,000 bond with a coupon rate of 5.85% compounded semiannually. The bond was originally issued two years ago. Sam paid $13,956.88 for the bond so that it would return 7% compounded semiannually. How many years remain to the bond's maturity?

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The Answer of Nick bought a 10-year, $15,000 bond with a coupon rate of 5.85% compounded semiannually. The bond was originally issued two years ago. Sam paid $13,956.88 for the bond so that it would return 7% compounded semiannually. How many years remain to the bond's maturity?

Nick Bought a 10-Year, $15,000 Bond with a Coupon Rate