Bond Price	Coupon rate	Maturity date	Yield to Maturity	Current Yield	Amount Outstanding
97.978	2.30%	2/15/31	2.54%	2.35%	150,000
98.829	2.95%	5/15/23	5.25%	2.98%	500,000,000
95.489	3.63%	5/15/25	5.56%	3.80%	500,000,000
86.724	4.38%	5/15/30	6.65%	5.04%	750,000,000
74.391	2.30%	2/15/31	6.32%	3.09%	999,850,000

Use the bond price, and outstanding amounts (quantity available) you collected for each bond to estimate an average current bond price. Use the weighted average approach.

1a) For the average bond price, use the quantity available variable as a substitute for the FMV to calculate the weights.

b)Remembering that bond prices are quoted as a percent of par value and that the value of bonds on the balance sheet are the par values, use your weighted average bond price from question 1a to estimate the FMV of the companys outstanding bonds. For this question, you must add the current portion of long-term debt to the long-term debt value to use as your par value.

current portion + long-term debt = 4799