Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods):

The timeline starts at Period 0 and ends at Period 20. The timeline shows a cash flow of $ 20.04 each from Period 1 to Period 19. In Period 20, the cash flow is $ 20.04 plus $ 1,000.

PeriodPeriod

00

11

22

nothing

1919

2020

Cash FlowsCash Flows

nothing

$ 20.04$20.04

$ 20.04$20.04

nothing

$ 20.04$20.04

$ 20.04 plus $ 1,000$20.04+$1,000

a. What is the maturity of the bond (in years)?

b. What is the coupon rate (as a percentage)?

c. What is the face value?

a. What is the maturity of the bond (in years)?

The maturity is

nothing

years.(Round to the nearest integer.)