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Find N. Suppose you work for large mutual fund company. A client just purchased a large block of bonds and you need to determine how

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Find N. Suppose you work for large mutual fund company. A client just purchased a large block of bonds and you need to determine how many coupon payments the client will receive. The client bought the bonds at a discount price of $863.73. The coupon rate is 8% payable annually. Par is $1000. The bond is not callable. The yield on new bonds with similar risk is 10%. How many coupon payments remain for the client? 13 15 12 14 11

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