You have just been offered a bond for $863.73. the coupon rate is 8 percent payable annually, and the yield to maturity on new issues with the same degree of risk are 10 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?

There is remaining interest payments for 12 years.

Explanation:

The present value or price of the bond is $863.73.

The face value or the future value is $1,000.

The rate of interest given is 10%.

The coupon rate is 8%.

PMT or annual payments is = 8% × $1,000 = $80

Number of remaining interest periods

= NPER ( Rate, PMT, PV, FV)

=  NPER (10%, 80, -863.73, 1000)

= 12

answer: what is the question?

explanation:

it was the new england colonies.

hope dis !