12. Pam Smith just inherited a $1,000 face value K-S Inc. bond from her grandmother.

The bond clearly indicates a 12% coupon rate, but the maturity date has been smudged and can’t be read. Pam called a broker and determined that similar bonds are currently returning about 8% and that her bond is selling for $1,326.58. How many more interest payments can Pam expect to receive on her inherited bond?