Missing information on a bond. Your broker faxed to you the following information about two monthly 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 (Par) $5,000 $5,000
Coupon Rate 9.5% ?
Yield to maturity 6.5% 5.5%
Years to maturity 15 30
Price ? $8,302.28