Missing information on a bond. Your broker faxed to you the following information about two...
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Finance
Missing information on a
bond.
Your broker faxed to you the following information about two
quarterlyquarterly
coupon
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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:
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. Fill in the missing data from the information that the broker sent.
What is the price of the IBM coupon bond?
(Click on the following icon
in order to copy its contents into a spreadsheet.)
Features
IBM Coupon Bond
AOL Coupon Bond
Face value (Par
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)
5,000
1,000
Coupon rate
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8.5%
?
Yield to maturity
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9.5%
11.5%
Years to maturity
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20
30
Price
?
537.68
Answer & Explanation
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