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Missing information on a bond. Your broker faxed to you the following information about two...

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Question

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 Solved by verified expert
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