For this week discussion you will be using

http://finra-markets.morningstar.com/BondCenter/Default.jsp

In your initial responseyou should answer the main question: If you are an investor who is looking for acorporatebond to invest to, are you going to buy a bond that you chose? To answer this question you should complete three steps:

1). Copy APPLE'S bond's quotation from the website.

2). Describe the main elements of the bond:

• Coupon rate
• Calculate annual coupon payment (assuming face value $1,000)
• What is the frequency of coupon payments of the bond? If the frequency is greater than 1, how much is payment is going to be?
• Maturity,
• Rating. Explain the meaning of rating.
• The last price listed in quotation
• How much the investor would pay for the bond assuming $1,000 face value and using the last price listed in quotation?
• Calculate thecurrentyield of the bond assuming that par value of the bond is $1,000
• How much is the YTM listed in quotations is for the bond? Explain the meaning of YTM.
• Is the bond callable or not? If the bond that you chose is callable (non-callable), will it change your decision to buy it?

3) Take a look at the balance sheet and income statement of the company. Whatdataor ratiossupport your decision to buy this bond or not? You shoulddevelop a specific recommendation, with supporting rationaleto explain your answer.