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1.Assume the bond characteristics of Oracle Corporation in the table below. Issue Date18 th October 2012Maturity Date15 th October 2022Issue AmountUSD2,500mCoupon Rate2.50%Coupon FrequencySemiannualCoupon Dates15 April,

1.Assume the bond characteristics of Oracle Corporation in the table below.

Issue Date18th October 2012Maturity Date15th October 2022Issue AmountUSD2,500mCoupon Rate2.50%Coupon FrequencySemiannualCoupon Dates15 April, 15 October Day-Count Convention30/360Annual Yield-to-Maturity2.246313%Trade Settlement Date29th June 2017
  1. Calculate the current yield of the Oracle Corporation bond. What type of investors would the current yield be a useful measure for?

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