Question: Use the bond pricing formula and Table to calculate the number of years (to the nearest 1/1000th of a year) between the Thursday July 18,

Use the bond pricing formula and Table to calculate the number of years (to the nearest 1/1000th of a year) between the Thursday July 18, 2013, settlement date and the maturity date on the State of Illinois general obligation bonds maturing on July 1, 2033. The Bid Yield, 5.09 percent, is rounded from 5.090145 percent.

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