Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the question as soon as possible so I can give you guys a thumbs up. APPLE INC + ADD TO WATCHLIST Maturity Date

image text in transcribedimage text in transcribedPlease answer the question as soon as possible so I can give you guys a thumbs up.

APPLE INC + ADD TO WATCHLIST Maturity Date Coupon Rate 2.400% Next Call Date 05/03/2023 Symbol CUSIP AAPL4001809 037833AK6 Callable Yes Last Trade Price Last Trade Yield Last Trade Date $102.60 590% 11/19/2021 US Treasury Yield Trade History The par value of Apple bond above is $2000, the bonds pay interest semi-annually. The bond is issued on May 3, 2013, interest is paid on May 3 and November 3 each year. 1)If you buy the bond on Nov.19 at current price $102.6, how much will Apple pay you till maturity if you hold the bond till maturity? Mention each of the dollar amount of payments and the dates separately. Could be any number of payments and not 5. $ Amount of Payment Date of Payment to you 1 W NA 3 4 5 3) Can the last trade yield be higher than the coupon rate or is ALWAYS lower in the case of bonds? Mentio yes or no for first part and Yes or no for second part. a) b) 0 0 APPLE INC + ADD TO WATCHLIST Maturity Date Coupon Rate 2.400% Next Call Date 05/03/2023 Symbol CUSIP AAPL4001809 037833AK6 Callable Yes Last Trade Price Last Trade Yield Last Trade Date $102.60 590% 11/19/2021 US Treasury Yield Trade History The par value of Apple bond above is $2000, the bonds pay interest semi-annually. The bond is issued on May 3, 2013, interest is paid on May 3 and November 3 each year. 1)If you buy the bond on Nov.19 at current price $102.6, how much will Apple pay you till maturity if you hold the bond till maturity? Mention each of the dollar amount of payments and the dates separately. Could be any number of payments and not 5. $ Amount of Payment Date of Payment to you 1 W NA 3 4 5 3) Can the last trade yield be higher than the coupon rate or is ALWAYS lower in the case of bonds? Mentio yes or no for first part and Yes or no for second part. a) b) 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions