Consider the following tradeable bonds.

Company Ticker Bond ID Par Value Coupon Maturity

Apple AAPL US037833CX61 $1,000.00 3.000% Jun 20, 2027

Disney DIS US254687FP66 $1,000.00 3.700% Mar 23, 2027

McDonalds MCD US58013MES98 $1,000.00 3.250% Jun 10, 2024

a) For the bonds listed, find the prices in USD and their yield based on the last price.

b) Study one of the bonds above in more detail.

i) List the details of the bond for example, how often and at what dates is the bonds paying

coupons; is the bond international or domestic; what is the size of the issue; is the bond fixed or

floating rate; is the bond convertible, callable, or puttable.

ii) What is the credit rating of the issuer of the bond? How is this credit rating reflected in the yield

of the bond? If possible, quantify the credit spread.