Question: Please show steps needed to do so, thanks! You are considering a bond with a Face Value of $1,000.00 and a Coupon Rate of 3.0%.

Please show steps needed to do so, thanks!

You are considering a bond with a Face Value of $1,000.00 and a Coupon Rate of 3.0%. The bond has 7 years until maturity, and coupon payments are paid Semiannually.
The yield to maturity on similar securities in the market is 11.3%.
Given the information provided, how many periods remain until the bond reaches maturity?

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