Coupon: 1.750 Maturity: 12/1/2020 Esimated Volume: 145,389 High: 95.9 Low: 93.066 Last: 94.688 Change: .306 Yeild: 3.38

Assume that par value of the bond is $1,000. What was the last price of the bond in $$$ (listed in "Last" trade price)?

Assume that par value of the bond is $1,000. Calculate annual coupon interest payments.

Assume that par value of the bond is $1,000. Calculate current yield of the bond.

Assume that par value of the bond is $1,000. Assume annual coupon payments. Calculate YTM of the bond using the last price (listed in Last trade price). (Round the number of years to the whole number). You should use Excel or financial calculator. Show your work.

Describe one major shortcoming for YTM and current yield.

How would the following affect the yield on newly issued bond? Please explain your answer.

a) The bonds are callable.

b) The bonds are subordinated to the existing bond issue.

c) The bond rating is better or worse than the Moodys Aa3 that the company anticipates.