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On October 31, 2021, you find the following bond quote for Global Own, Inc. Answer the following questions using the information from the available
On October 31, 2021, you find the following bond quote for Global Own, Inc. Answer the following questions using the information from the available sources. LAST PRICE HIGH LOW CHANGE 96.124 96.124 95.933 -0.245 COMPANY COUPON MATURITY Global Own, Inc. November 2050 5.55% Questions: 1. Calculate the YTM for this corporate bond issued by Global Own, Inc. 2. Calculate this bond's coupon yield over the next year. YIELD % 5.825 (5 MARKS) (3 MARKS) 3. If your required rate of return for a bond of this risk class is 6.2%, calculate the value you place on this Global Own bond. (5 MARKS) 4. Explain if you would l interested in purchasing this bond at the required return of 6.2%. (2 MARKS)
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