You have just been offered a $1,000 par value bond for $847.88. the coupon rate is 8 percent, payable annually, and annual interest rates on new issues of the same degree of risk are 12 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?

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?