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(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons
(1 point) An investor purchases two bonds with the following properties: Bond 1: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 8.2% annually and was purchased for $1271.9. Bond 2: Has a face value $1000 and is redeemable at par. Pays coupons annually at a rate of 5.7% annually and was purchased for $1040.69. If both bonds yield 5.26% annually and the number of terms to maturity is the same for both bonds, find the number of terms to maturity. Answer: (Note: Round your answer to the nearest integer)
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