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The bond information in the below table is from www.finra.org as of last close on Nov. 9, 2022 (all yields are expressed in annual term):

The bond information in the below table is from www.finra.org as of last close on Nov. 9, 2022 (all yields are expressed in annual term):

Select Apple Inc. vs. The Boeing Company Bonds:

Symbol

Callable

Coupon

Maturity

Moody's

S&P

Price

Yield

AAPL4984115

Yes

0.750%

05/11/2023

Aaa

AA+

98.228

4.432%

AAPL4984119

Yes

1.125%

05/11/2025

Aaa

AA+

91.575

4.750%

AAPL4984120

Yes

1.650%

05/11/2030

Aaa

AA+

79.968

4.874%

AAPL4984116

Yes

2.650%

05/11/2050

Aaa

AA+

62.413

5.248%

BA4983333

Yes

4.508%

05/01/2023

Baa2

BBB-

99.720

5.118%

BA4983334

Yes

4.875%

05/01/2025

Baa2

BBB-

97.928

5.788%

BA4983328

Yes

5.150%

05/01/2030

Baa2

BBB-

93.329

6.283%

BA4983330

Yes

5.805%

05/01/2050

Baa2

BBB-

86.404

6.917%

Explain the observed differences in yield. In general, what are callable bonds? What are the differences between investment grade bonds vs. high yield bonds?

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