You have just been offered a bond for $849.28. The coupon rate is 6 percent payable annually, and the yield to maturity on new issues with 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. If the par value is $1,000, how many interest payments remain
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You have just been offered a bond for $849.28. The coupon rate is 6 percent payable annually, and th...
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