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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 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 Face value (Par) IBM Coupon Bond $5,000 11.5% 8.5% 20 AOL Coupon Bond $5,000 ? 10.5% Coupon rate Yield to maturity. Years to maturity. Price 10 $3,301.65 Print Done
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