How many periods bond with remaining maturity, Finance Basics

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How many periods bond with remaining maturity

Problem

A bond with remaining maturity of 12 years and 5% annual coupon rate will pay $50 annually as coupon (interest) for the next 12 years and return the principle (per value of $1000) at the end of the 12th year. For how many periods bond with remaining maturity of 12 years and 7% semi-annual coupon rate will make interest payment?

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Finance Basics: How many periods bond with remaining maturity

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