Question: Bob purchased a 1 6 0 0 par value callable bond with coupons at 8 % payable semiannually for 1 5 1 4 immediately after

Bob purchased a 1600 par value callable bond with coupons at 8% payable semiannually for 1514 immediately after a coupon payment and held the bond to call. The bond was called for 1650 prior to maturity, yielding Bob a nominal yield rate convertible semiannually of 10%. Calculate the number of years Bob held the bond.
Round your answer to an integer.

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