estimate an average current bond price and an average YTM for all your companys bonds. Use the weighted average approach.

1a). For the average bond price, use the outstanding amount (quantity available) as a substitute for the FMV to calculate the weights.

1b). For the average YTM (pre-tax cost of debt), use the product of the current price and quantity available from 1a as an estimate of FMV to calculate the weights.

Bond Price (% of par)	Coupon rate	Maturity date	Yield to Maturity				Amount Outstanding
97.978	2.30%	2/15/31	2.54%				150,000
98.829	2.95%	5/15/23	5.25%				500,000,000
95.489	3.63%	5/15/25	5.56%				500,000,000
86.724	4.38%	5/15/30	6.65%				750,000,000
74.391	2.30%	2/15/31	6.32%				999,850,000
							2,750,000,000