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Missing information on a bond Your broker faxed to you the following information about two monthly coupon bonds that you are considering as a potential
Missing information on a bond Your broker faxed to you the following information about two monthly 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 bond is the following Foatures IBM Coupon Bond AOL Coupon Bond Face value (Par) $5 000 51,000 Coupon rate 6.5% 7 Yield to maturity 10.5% 11.5% Years to maturity 20 15 Price $1,035,67 2
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