5.11 Use the following February 11, 2000, WSJ quotation for AT&T Corp. Which of the following statements is false?

a. The closing price of the bond with the shortest time to maturity was $1,000.

b. The annual coupon for the bond maturing in year 2016 is $90.00.

c. The price on the day before this quotation (i.e., February 9) for the ATT bond maturing in year 2022 was $1.075 per bond contract.

d. The current yield on the ATT bond maturing in year 2002 was 7.125%

e. The ATT bond maturing in year 2002 has a yield to maturity less than 7.125%.

Transcribed Image Text:

Bonds Cur Yld Vol Close Net Chg ATT 9s 16 ? 10 117 + 1/4 ATT 5 1/8 01 ? 5 100 + 3/4 ATT 7 1/8 02 ? 193 104 1/8 +1/4 ATT 8 1/8 22 ? 39 107 3/8 - 1/8