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 40. The timeline shows a cash flow of $ 20.49 each from Period 1 to Period 39. In Period 40, the cash flow is $ 20.49 plus $ 1,000.

Period

0

1

2

39

40

Cash Flows

$20.49

$20.49

$20.49

$20.49+$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 ??

years.(Round to the nearest integer.)