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Given the following information quoted from yahoo.Finance (or Wall Street journal bond section) for today and given in the following table. Assume that Today is

Given the following information quoted from yahoo.Finance (or Wall Street journal bond section) for today and given in the following table.

Assume that Today is February 15, 2009

Type

Issue

Date

Price

Coupon

Rate

Maturity

Date

YTM

Current

Yield

Rating

Bond

Aug 2003

8.00%

8-15-2013

12.000%

AAA

What is the price of this bond (assume a $1,000 par value)?

What is the current yield of this bond? ?

Hint: Make sure to round all intermediate calculations to at least six decimal places. Final answer to be rounded to two decimals.

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