You have just been offered a $1,000 par value bond for $1,158.85 The coupon rate is 9 percent, payable annually, and the annual market rate or yield-to-maturity is 7 percent. You want to know how many more interest payments you will receive, but the party selling the bond cannot remember. How many annual interest payments remain?

15 Years

14 Years

20 Years

10 Years

12 Years