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4. Using the data on the cover of AAPL's most recent bond prospectus below, respond to the following questions: What is the weighted average interest
4. Using the data on the cover of AAPL's most recent bond prospectus below, respond to the following questions: What is the weighted average interest rate on the $6.5 Billion that AAPL borrowed by issuing bonds? If you purchased one of the AAPL bonds that matures in 2031 (assume it matures on 2/21/2031) for $1,000, what would the current price of the bond be if the yield-to- maturity (YTM) on the bond is currently 3.00%? $6,500,000,000 Apple Inc. $2,300,000,000 1.400% Notes due 2028 $1,000,000,000 1.700% Notes due 2031 $1,800,000,000 2.700% Notes due 2051 $1,400,000,000 2.850% Notes due 2061 4. Using the data on the cover of AAPL's most recent bond prospectus below, respond to the following questions: What is the weighted average interest rate on the $6.5 Billion that AAPL borrowed by issuing bonds? If you purchased one of the AAPL bonds that matures in 2031 (assume it matures on 2/21/2031) for $1,000, what would the current price of the bond be if the yield-to- maturity (YTM) on the bond is currently 3.00%? $6,500,000,000 Apple Inc. $2,300,000,000 1.400% Notes due 2028 $1,000,000,000 1.700% Notes due 2031 $1,800,000,000 2.700% Notes due 2051 $1,400,000,000 2.850% Notes due 2061
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