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Rate of return on a bond

How do I find N (number of periods)for the bond? I think this is why I don't understand how to work out the problem. Please answer in xls and explain how to do this.

It is January 2005, and you observe the following price quote:

BK Corp. 5 1/2s28Dec Close 92 3/4

1. Suppose interest rates were to fall by 1.5% over the next year. What would be the rate of return from buying the bond today, holding it for one year, and selling it at its new market price?

Solution Preview

In this case, since we are interested in only 1 year, we do not need the N. Otherwise, N is the multiplication of years to maturity and the coupoun payment frequency. ...

Solution Summary

The solution explains how to calculate the holding period return on a bond

$2.19