Assume it is 2003 and the following bond quotations appeared in the Wall Street Journal: How much in annual interest payment would an investor in each of these bonds receive?
ConocoPhillips 5,900 Oct 15, 2032 95,972 6,200 90 30 88,510
How much would you have to pay? Why do you think the yield to maturity on the AHC bond is higher than the yield to maturity on the COP bond?