You have just been offered a bond for 84928 the coupon rate, Ask an Expert

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You have just been offered a bond for $849.28. The coupon rate is 6 percent payable annually, and the yield to maturity on new issues with the same degree of risk are 8 percent. You want to know how many more interest payments you will receive, but the party selling the bond cannot remember. If the par value is $1,000, how many interest payments remain? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Please do not solve with excel function. Please show all work.

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Financial Management, Finance

Category:- Financial Management
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