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Missing information on a bond. Your broker faxed to you the following information about two annual 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 (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
Fill in the missing data from the information that the broker sent.
*The IBM coupon bond is = 1,088.27
What is the coupon rate of the AOL coupon bond?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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