Go to FINRAs website

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

• click the SEARCH tab and then enter Macys in the ISSUER NAME field. Then click the SHOW RESULTS tab. The SEARCH tab is under the bolded line labeled Market Data Center Bonds Guide
• Locate the two bonds that mature on (1) 02/15/23 and (2) 02/15/43
• Answer the following questions:

1. For the 02/15/23 maturing bond fill in the following information (2 points)
   1. Coupon rate = 2.875%
   2. S&P Bond rating = B
   3. Price at which it last traded in dollars = $99.40
   4. Yield to maturity (as reported in the website) = 3.194%
   5. Date you collected the above information (and info for Q2 Below): 03/01/2021
2. For the 02/15/43 maturing bond fill in the following information (2 points)
   1. Coupon rate = 4.300%
   2. S&P Bond rating = B
   3. Price at which it last traded in dollars = $74.52
   4. Yield to maturity (as reported in the website) = 6.494%
3. Are these bonds investment grade or non-investment grade? (2 points) ___non-investment___________________

4. Explain why there is such a difference in the yield to maturity of the two bonds as reported in the website. (there can be more than one reason) (2 points)

_. __________________

5. Calculate the yield to maturity for the 02/15/43 maturing bond as taught in the class. Assume that today is 02/15/21 and that the coupon payments will be made annually with the next payment to be made on 02/15/22. For price use the price from your answer to Q2 but assume that the price is as of 02/15/21. (2 points)

Answer = _______________________

Enter below values used to solve this problem:

PV=XXXX;

PMT=XXXX;

FV=XXXX;

N=XXXX;