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You have just been offered a $ 1 , 0 0 0 par value bond for $ 8 3 5 . 1 2 . The

You have just been offered a $1,000 par value bond for $835.12. The coupon rate is 6 percent, payable annually (1 payment / year). Annual interest rates on new issues of the same degree of risk are 8 percent. You want to know how many more interest payments you will receive, but the party selling the bond cannot remember. Determine how many interest payments remain.
14 years
18 years
10 years
12 years
16 years
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