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Chapter 10 Homework Consider an investment in a bond issued by Nike: Last Updated: 09/23/2021 Bond Detail Lookup Symbol: NKE3998568 GO NIKE INC + ADD
Chapter 10 Homework Consider an investment in a bond issued by Nike: Last Updated: 09/23/2021 Bond Detail Lookup Symbol: NKE3998568 GO NIKE INC + ADD TO WATCHLIST Coupon Rate Maturity Date 3.625% 05/01/2043 Symbol NKE3998568 CUSIP 654106AD5 Next Call Date 11/01/2042 Callable Yes Last Trade Price Last Trade Yield Last Trade Date US Treasury $118.52 2.491% 09/22/2021 Yield Trade History This bond pays interest semiannually on May first and November first and uses the 30/360 day count convention. This bond has a par value of $1,000. The most recent trade was at 118.52 percent of par, or $1,185.23 as you can see from the table above that last trade implied a yield to call of 2.491%. You can do these calculations in Excel or on the Texas Instruments BAll plus financial calculator. I'd recommend that you check your work by doing it both ways, but you do you. On 9/22/2021 someone paid $1,185.23 for this bond. Calculate the accrued interest due on the settlement date of 9/24/2021. It's not multiple choice: you type in a number and if it's the same as mine to the penny you win
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