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Borough Brokerage BOROUGH BROKERAGE LLC 1999 Chambers Street New York, NY 10007 (212) 555-9191 Managed Account Statement Statement Period: 10/01/201710/31/2017 Opening Date Quantity Account Number
| Borough Brokerage | BOROUGH BROKERAGE LLC 1999 Chambers Street New York, NY 10007 (212) 555-9191 | Managed Account Statement Statement Period: 10/01/2017–10/31/2017 | |||||||
| Opening Date | Quantity | Account Number | Activity Ending | Opening Balance | Going Balance | Accrued Income | Income This Year | 30-Day Yield | Current Yield |
| Cash, Money Funds, and Bank Deposits | Q39% of Portfolio | ||||||||
| Money Market | |||||||||
| FEDERATED USTREASURY INSTL9H | |||||||||
| 10/1/2017 | 000000000315 | 10/16/2017 | 2,500.00 | 2,50100 | 0.00 | 10.00 | 0.48% | 0.48% | |
| Total Money Market | 2,50Q00 | $2,501.00 | $0.00 | $10.00 | |||||
| Total Cash, Money Funds, and Bank Deposits | $2,50Q00 | $2,501.00 | $0.00 | $10.00 | |||||
| Date Acquired Quantity | Quantity | Unit Cost | Adjusted Cost Basis | Market Price | Market Value | Unrealized Gain/Loss | Accrued Interest | Annual | Estimated Yield |
| Fixed income 99.61% of Portfolio (In Maturity Dote Seque nce) | |||||||||
| Municipal Bonds | |||||||||
| Westmere NY RFDG-SER B | Security Identifier: X50016RS4 | ||||||||
| 3.00% 10/15/19 B/EDTD 07/10/15 | |||||||||
| 1ST ORN DTE 10/15/15 QRN PMT SEMI ANNUAL Moody | |||||||||
| Rating AA2 | |||||||||
| 6/21/2015 | 200,000.000 | 103.572 | 207,143.82 | 104.5350 | 209,070.00 | 1,92618 | 266.67 | 6,000.000 | 2.87% |
| Origina1 Cost Basis: $215,350.00 | |||||||||
| NEW YORK ST DORM AUTH REVS NON ST | Security Identifier: X67765QP2 | ||||||||
| SUPPORTED DEBT FORISSUESDTD PRIORTO | |||||||||
| 500% 07/01/20 B/EDTD 09/17/12 Moody Rating A2 | |||||||||
| 9/14/2012 | 300,000.000 | 100.852 | 302,556 | 102.6840 | 308,052.00 | 5,496 00 | 5,000.00 | 15,000.000 | 4.87% |
| Origina1 Cost Basis: $106,713.00 | |||||||||
| MERRICK NY UN FREE SCH DIST RFDG | Security Identifier: X80156GG1 | ||||||||
| 4.00% 02/01/21 B/EDTD 10/12/13 | |||||||||
| 1STCPN DTE 02/01/14 QRN PMTSEM ANNUAL Moody | |||||||||
| Rating AA2 | |||||||||
| 9/21/2013 | 100,000.000 | 105.9450 | 105,944.53 | 109.6340 | 109,634.00 | 3,689.47 | 1,000.00 | 4,000.000 | 3.65% |
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Question: How would the stated "estimated yield" compare to the yield to maturity for an investor who purchased the bonds on the statement date at current market prices?
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Globalization Gating And Risk Finance
Authors: Unurjargal Nyambuu, Charles S. Tapiero
1st Edition
1119252652, 978-1119252658
