A $27-$year bond, with a price equal to $75\%$ of its face value, offers annual

coupons with the coupon rate equal to $\frac{21}{37}$ of the annual effective yield rate.

An $n-$year zero$-$coupon bond has the same price, face value, and yield rate.

Calculate $n.$

$5$

$7$

$9$

$11$

$13$A $27-$year bond, with a price equal to $75\%$ of its face value, offers annual coupons with the coupon rate equal to $21/37$

of the annual effective yield rate.

An

$0$ year zero $0$ coupon bond has the same price, face value, and yield rate.

Calculate n$.$

Correct answer could vary from the one chosen.