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Your broker faxed to you the following information about two annual coupon bonds that you are considering as a potential investment. Unfortunately, your fax machine

Your broker faxed to you the following information about two annual 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?

Features IBM Coupon Bond AOL Coupon Bond Face value (Par) 1,000 5,000 Coupon Rate 8.5% Yield to maturity 7.5% 9.5% Years to maturity 15 20 Price 4,339.07

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