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Consider the following corporate bond price quote in the financial page: Symbol Coupon Maturity Moodys Last Yield% (1) BP.JH 3.375% 08/08/2045 Baa 93.333 ????? (2)
Consider the following corporate bond price quote in the financial page:
Symbol | Coupon | Maturity | Moodys | Last | Yield% |
(1) BP.JH | 3.375% | 08/08/2045 | Baa | 93.333 | ????? |
(2) MP.LX | 9.875% | 12/08/2045 | Baa | ????? | 6.666 |
It is October 23, 2021 and the yields of the two bonds are semiannually compounded.
(a) (3 points) How are the two bonds called according to the bond rating system?
(b) (8 points) Fill in the missing information (?????) for the two bonds. You must provide necessary information from the financial calculator including SDT, CPN, RDT, and PRI/YLD.
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