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14. Perusing the corporate bond quotations, you write down some summary information: LAST MAT. PRICE LASTEST EST $VOL YIELD SPREAD UST (000S) 10 years 99.270

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14. Perusing the corporate bond quotations, you write down some summary information: LAST MAT. PRICE LASTEST EST $VOL YIELD SPREAD UST (000S) 10 years 99.270 4.649 47 10 66,830 COMPANY (TICKER) COUPON Wal-Mart Stores WMT 4.550 Wal-Mart Stores WMT 4.125 Liberty Media 5.700 Ford Motor Credit F 7.250 8 years 99.554 4.200 2 10 50,320 u 10 years 102.750 5.314 112 10 26,045 8 years 107.407 6.012 183 10 22,863 a. Which company is the riskiest? Why? b. Which bond has the highest default risk? Why? C. Why would Wal-Mart have two bonds trading at different yields? d. Compute the current yield for each of the four bonds. e. Compute yield to maturity for each of the four bonds

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