10. Bond listings and yield spreads Aa Aa The following bond list is from the business section of a financial newspaper on bond shown matures on January 1 in 5, 10, or 30 years. Each bond shown pays a semiannual coupon and the coupon January 1, 2016. Assume that each rate is in the column labeled Coupon. The Last Price and Last Yield columns indicate each bond's price and YTM at the end of trading. EST Spread indicates the bond's spread above the relevant US Treasury benchmark, expressed as a percentage. UST indicates which US Treasury security maturity is the relevant benchmark for each bond. EST Volume shows the number of bonds traded during the day. Notice also that prices are stated relative to a par value of $100. Assume all bonds have the same default premium. Fill in the value of Virtucon Co.'s bonds. EST UST EST Volume Company Coupon Maturity Last Price Last Yield Spread (Years) (1000s) Gadgetron Inc. 8.25% 01-01-2026 $97.87 8.57% 2.37 10 59,725 Global Corp. 5.80% 01-01-2021 $99.22 5.98% 0.58 52,930 5 Acme Corp. 8.98% 01-01-2026 $104.07 8.37% 2.17 10 46,932 Newtown Inc. 9.63% 01-01-2046 $88.14 10.98% 4.03 30 45,120 Virtucon Co. 4.13% 01-01-2021 $87.46 6.26% 0.86 43,960 If you were to calculate the yield on a security with a 10-year US Treasury security, the yield will be equal to Which bond is trading at a premium? O Gadgetron Inc. O Acme Corp. O Virtucon Co. Newtown Inc