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Missing information on a bond. Your broker faxed to you the following information about two quarterly coupon bonds that you are considering as a
Missing information on a bond. Your broker faxed to you the following information about two quarterly 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.) Features IBM Coupon Bond AOL Coupon Bond Face value (Par) $5,000 $5,000 Coupon rate 6.5% ? Yield to maturity 11.5% 8.5% Years to maturity 30 20 Price ? $4,281.74 ew an example Get more help X
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