You have just been offered a bond for $863.73. The coupon rate is 8 percent payable annually,

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You have just been offered a bond for $863.73. The coupon rate is 8 percent payable annually, and the yield to maturity on new issues with the same degree of risk are 10 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? (LG 3-2)

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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Question Posted: Jul 25, 2024 06:04 AM

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You have just been offered a bond for $863.73. The coupon rate is 8 percent payable annually,

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ISE Financial Markets And Institutions

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