Question
1. Using the FINRA Bond Center search engine, search for SEC 144A private placement corporate bonds. Using the advanced search engine, set sub-product type to
1. Using the FINRA Bond Center search engine, search for SEC 144A private placement corporate bonds. Using the advanced search engine, set sub-product type to “Corporate Bond”, check the box to “include” 144A Bonds, set the Moody’s rating from C to Caa, the Standard and Poor’s rating from D to BBB-, and the Trace Grade to “High Yield”. Click on SHOW RESULTS and sort from highest to lowest maturity. Display the details for the bond issued by “Chesapeake Energy Corp”. Make a screen capture of at least the first 10 lines of the display, and include it below.
2. A 30-year 6% semi-annual coupon bond has a tenor of 14 years and a yield to maturity of 7.000%. If the PAR value of the bond is $1000, what is the price of the bond today?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
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