Calculate the market price of each bond on 23rdApril 2021 that issued by AAA Ltd., using the data provided in the table below. What is the current total value of minimum application?

Time to Maturity	U.S. Treasury Bond Yield
1 Yr	0.12%
2 Yr	0.14%
3 Yr	0.20%
4 Yr	0.25%
5 Yr	0.27%
7 Yr	0.46%
10 Yr	0.67%

Issuer Issuing date

Bond expiration date

Face value

Minimum application

Interest rate

Coupon rate (annual) Coupon payment Market Yield

Corporate Bonds Fact Sheet

AAA Company Ltd. 23rdApril2021

25thApril 2025

$ 1000 per bond.

50 Bonds ($ 50,000)

Floating Interest Rate. The Interest Rate is the sum of the Market Rate plus the Margin.

Central Government Bond Yield + 1.86% p.a.

Annually (coupon payment is paid on 10thJuly every year)

Yield: 4.00%