Question
Table 1. Details of the Telstra Bond Issue Maturing in September 2022 ASX Code YTMTL1 Face Value $10,000 Issue Size $500,000,000 Maturity Date 16 September
Table 1. Details of the Telstra Bond Issue Maturing in September 2022 ASX Code YTMTL1
Face Value $10,000
Issue Size $500,000,000
Maturity Date 16 September 2022
Coupon Type Fixed
Semi-Annual Coupon Rate 2.00% of Face Value
Payment Frequency Semi-Annual
Remaining Coupon Payment Dates -16 March 2022 16 September 2022 (Maturity Date)
Yield to Maturity 0.248%
What is the bond price with the formula?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
