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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 potential
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: IBM Coupon BondAOL Coupon Bond Face value (Par) Coupon rate Yield to maturity Years to maturity Price S1,000 75% 8.5% 15 5,000 12.5% 20 $4,817.06 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.) What is the coupon rate of the AOL coupon bond? % (Round to the nearest whole percent.) Enter your answer in each of the answer boxes
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