Question
Last Trade Price 106.38 Last Trade Yield 5.373% Last Trade Date 11/21/2017 *dollar amount in thousands Offering Date 10/16/2014 First Coupon Date 03/15/2015 Moody's Rating
Last Trade Price 106.38 Last Trade Yield 5.373% Last Trade Date 11/21/2017
| *dollar amount in thousands | |
| Offering Date | 10/16/2014 |
| First Coupon Date | 03/15/2015 |
| Moody's Rating | B3 (04/04/2017) |
| Standard & Poor's Rating | B (02/02/2016) |
| Original Offering/Outstanding* | $2,250,000.00 |
| Payment Frequency | Semi-Annual |
| Security Level | Senior |
a. Calculate the current yield on this bond? What does it mean?
b. Why the CY and YTM are lower than the Coupon rate?
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Business Finance Theory And Practice
Authors: Eddie McLaney
7th Edition
0273702629, 978-0273702627
