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The following bond list is from the business section of a financial newspaper on January 1, 2016. Assume that each bond shown matures on January

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The following bond list is from the business section of a financial newspaper on January 1, 2016. Assume that each bond shown matures on January 1 in 5, 10, or 30 years. Each bond shown pays a semiannual coupon and the coupon rate is in the column labeled Coupon The Last Price and Last Yield columns indicate each bond's price and YTM at the end of trading. EST Spread indicates the bond's spread above the relevant US Treasury benchmark, expressed as a percentage. UST indicates which US Treasury security maturity is the relevant benchmark for each bond, EST Volume shows the number of bonds traded during the day, Notice also that prices are stated relative to a par value of 5100. Assume all bonds have the same default premium. Fill in the value of Kumatsu Co.'s bonds. Coupon 8.25% Maturity 01-01-2026 01-01-2021 Last Price $97.87 Company Vandelay Inc Introde Inc. Housing Co. Sto Co. Last Yield 8.57% 5.98% EST Spread 2.37% UST (Years) 10 EST Volume (1000s) 59,725 52,930 5.80% 0.58% 5 01-01-2026 $99.22 $104.07 $88.14 8.37% 8.98% 9.63% 10 2.17% 4.03% 01-01-2046 10.98% 30 46,932 45,120 43,960 Kumatsu Co. 4.1396 01-01-2021 6.26% 0.869 S If you were to calculate the yield on a security with a 10-year US Treasury security, the yield will be equal to 0.26% 0.86% 5 43,960 If you were to calculate the yield on a security with a 10-year US Treasury security, the yield will be equal to Which bond is trading at a premium? Initrode Inc. Housing Co. Vandelay Inc. Kumatsu Co

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