You have just been offered a bond for s86373 if the par, Financial Management

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You have just been offered a bond for s86373 if the par

You have just been offered a bond for S86373. The coupon rate is 8% payable annually, and interest rates on new issues with the same degree of risk are 10%. You want to know how many more bond/coupon/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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Financial Management: You have just been offered a bond for s86373 if the par

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