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You have just been offered a bond for $11,250. The coupon rate is 5.0%, payable annually, and interest rates on new issues with the same

You have just been offered a bond for $11,250. The coupon rate is 5.0%, payable annually, and interest rates on new issues with the same degree of risk are 4.0%. You want to know how many more interest payments you will receive, but the party selling the bond cannot remember. If the par value is $10,000, how many interest payments remain?

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