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Missing information on a bond. Your broker faxed to you the following information about two semiannual coupon bonds that you are considering as a potential
Missing information on a bond. Your broker faxed to you the following information about two semiannual coupon bonds that you are considering as a potential investment. Unfortunately, your fax machine is blurring some of the items, and all you can read from the fax on the two different bonds is the following: Fill in the missing data from the information that the broker sent. What is the price of the IBM coupon bond? (Round to the nearest cent.) $ Data table (Click on the following icon in order to copy its contents into a spreadsheet.) IBM Coupon Bond AOL Coupon Bond $1,000 $1,000 9.5% 7.5% 10 ? Features Face value (Par) Coupon rate Yield to maturity. Years to maturity. Price ? 9.5% 20 $689.15 X
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