http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C608369&symbol=XOM4108352

Bond 1:

XOM4108352

Last price=100.07

Annual coupon interest payment=2.484%/4*4*100=2.484

Current yield=Coupon/Price=2.484/100.07=2.4823%

Bond 2:

XOM4108351

Last price=99.57

Annual coupon interest payment=1.819%*100=1.819

Current yield=Coupon/Price=1.819/99.57=1.8269%

Based on the above information:

How much is the YTM listed in quotations is for the bonds? Explain the meaning of YTM?

If you are going to buy a bond issued by this company, which bond would you choose? Why?

Are these bonds callable? If the bonds that you chose are callable (non-callable), will it change your decision to buy them?

If you are an investor who is looking for a bond to invest in, are you going to buy a bond that you chose?