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17. A 30-year corporate bond with a 5.5% coupon is issued at par on 10/15/2002. a. The bond trades on 4/15/2009 at 102.750. What is

17. A 30-year corporate bond with a 5.5% coupon is issued at par on 10/15/2002.

a. The bond trades on 4/15/2009 at 102.750. What is its YTM? 5.29%

b. The bond trades on 10/15/2014 at 94.250. What is its YTM? 6.03%

c. Suppose that an investor purchased the bond for 102.750 on 4/15/2009 and sold it on 10/15/2014 for 94.250. What was the investors HPY? 4.00%

d. Suppose you purchased the bond on 10/15/2014 at 94.250 and sold it on 4/15/2020 at 107.750. What is your HPY? 7.96%

e. If the YTM is 4.80% on 10/15/2023, what is the quoted price? 105.067

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