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18 14. 19 20 20 Pay Frequency CUSIP 63946BAJ9 ISIN US63946BAJ98 SEMI-ANNUALLY Coupon 4.450 Maturity Date 1/15/2043 Moody's Rating A3 S&P Rating A- Market Price

18 14. 19 20 20 Pay Frequency CUSIP 63946BAJ9 ISIN US63946BAJ98 SEMI-ANNUALLY Coupon 4.450 Maturity Date 1/15/2043 Moody's Rating A3 S&P Rating A- Market Price Quote 105.745 Minimum Quantity 200 Bond Type Corporate Sector Telephones Callable YES What do you think minimum quantity means? Minimum quantity is the smallest amount you can invest in this bond. Calculate the current yield for this bond at this market price. Show you work: I 15. Explain the current yield calculation and why the current yield for this bond is different than the coupon rate. Is it lower or higher? Why? PhotoGrid

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