You Have Just Been Offered a R1,000 Par Value Bond

You have just been offered a R1,000 par value bond for R847.88.The coupon rate is 8 percent, payable annually, and interest rates on new issues of 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.Can you determine how many interest payments remain?

A) 14
B) 15
C) 12
D) 20
E) 10