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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

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:

Features IBM Coupon Bond AOL Coupon Bond
Face value $5,000 $1,000
Coupon rate 8.5% ?
Yield to maturity 7.5% 5.5%
Years to maturity 30 15
Price ? $1,457.61

Fill in the missing data from the information that the broker sent.

Part 1 What is the price of the IBM coupon bond? $enter your response here(Round to the nearest cent.)

Part 2 What is the coupon rate of the AOL coupon bond? enter your response here% (Round to the nearest whole percent.)

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