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Problem 6-10 (LG 6-2) Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and yield on municipal bonds issued

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Problem 6-10 (LG 6-2) Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and yield on municipal bonds issued by the Health Facilities Revenue Bonds maturing on November 15, 2045? b. What was the yield to maturity, on May 23, 2016, on South Carolina Public Service Auth reven maturing on December 1, 2048? (For all requirements, round your answers to 2 decimal places. (e.g., 32.16)) Health Facilities Revenue Bonds Coupon rate Price Yield b. Yield to maturity TABLE 6-6 Municipal Bond Quote Tax-Exempt Bonds Monday, May 23, 2016 Issue Coupon Maturity Price YTM Building Aid Revenue Bonds, Fiscal 2016 4.000 07-15-45 109 2/7 3.49 California (State) various purpose gener 5.000 11-01-43 119 3/4 3.83 5.000 04-01-42 3.96 5.000 11-01-38 3.68 California (State) various purpose GO bo California St Pub Wks lease revenue Seri Colorado Hlth Facs Auth rev bds Ser 13 A Delaware River Port Auth PA Revenue Bond Health Facilities Revenue Bonds 5.000 01-01-44 117 1/6 120 115 1/5 118 106 2/3 4.09 5.000 3.77 01-01-37 11-15-45 4.000 3.63 Health Facilities Revenue Bonds, Series 4.000 12-01-44 3.76 5.500 07-01-38 4.69 5.000 12-01-43 104 1/9 111 1151/2 118 2/3 119 3/8 2.72 5.000 11-15-43 Illinois (State) GOs Series 2013 Lehigh Co Auth PA wtr & swr rev bds Ser Metro Transp Auth NY transp rev bonds Se Metro Transp Auth NY transp rev Ser 2013 Missouri St Hlth & Ed hospital rev Ser 2 Rochester MN health care facs rev bds Se 3.89 5.000 11-15-38 3.72 4.000 11-15-42 105 5/9 3.67 4.000 11-15-41 106 6/7 3.58 San Antonio Pub Facs Corp TX impro & ref 4.000 09-15-42 106 3/8 3.62 5.500 12-01-53 South Carolina Public Service Auth reven South Carolina Public Service Auth reven 117 1/2 114 1/3 4.53 5.000 12-01-48 4.000 03-01-39 109 5/7 The City Of New York GO Bonds, Fiscal 20 Transportation Program Bonds, Series 201 Water and Sewer system second GN resolut 4.03 3-40 4.12 4.250 06-15-44 06-15-34 102 1114/9 4.000 3.16

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