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Missing information on a bond. Your broker faxed you the following information on two semiannual 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 information:

IBM Coupon Bond:

Face value (Par) - $1,000

Coupon Rate - 6.5%

Yield to maturity - 11.5%

Years to maturity - 20

Price - n/a

AOL Coupon Bond:

Face value (Par) - $5,000

Coupon Rate - n/a

Yield to maturity - 8.5%

Years to maturity - 30

Price $5,269.91

A. What is the price of the IBM coupon bond?

B. What is the coupon rate for the AOL coupon bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92413198

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