Question: TRex Corp. has zero - coupon bonds whose face value is $ 1 , 0 0 0 per bond. The market is pricing these bonds

TRex Corp. has zero-coupon bonds whose face value is $1,000 per bond. The market is pricing these bonds at $253, for a yield-to-maturity of 8.1 percent. Assuming TRex's bond investors use annual compounding, what is the remaining maturity on these bonds? Report your answer with 2-digit precision

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