13. Bond listings and yield spreads The following bond list is from the business section of a financial newspaper on January 1, 2018. Assume that each bond shown matures on January 1 In 5, 10, or 30 years. Each bond shown pays a semiannual coupon-the coupon 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 band's spread above the relevant U.S. Treasury benchmark, expressed as a percentage. UST indicates which u.s. 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. Fall in the value of The Blue Co. bonds. (Hint: Do not round your intermediate calculation.) Coupon 8.25 5.80 Maturity 01-01-2028 Last Yield 8.57% UST (Years) 10 Company Sonky Co. Nagular Corp Widget Corp. Sombra Corp The Blue Co Last Price $97.87 $99.22 $104.02 EST Volume (1,000) 59,725 52,930 46,932 5 EST Spread 2.37% 0.58% 2.17% 4,03% 01-01-2023 01-01-2028 01-01-2045 5.98% 8.37% 8.98% 9.639 4.13% 10 $88.14 10.989 6.26% 30 5 01-01-2023 45,120 43,960 0.86% If you were to calculate the yield on a security with a 10-year U.S. Treasury security, the yield will be equal to which bond is trading at a premium? Nagular Corp Widget Corp Sonky Co. Sombra Corp