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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
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-the coupon rate is in the column labelled 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 U.S. Treasury benchmark, expressed as a percentage. UST indicates which U.S 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 $100. Assume all bonds have the same default premium Fill in the value of Powell Co.'s bonds EST UST EST Volume on Maturity 8.25% 01-01-2026 5.80% 01-01-2021 8.98% 01-01-2026 9.63% 01-01-2046 4.13% 01-01-2021 Last Price Last YieldSpread (Years) (1000s) Company Globo Inc. Taggart Corp Housing Co Ziff Corp Powell Co Coup $97.87 $99.22 $104.07 $88.14 8.57% 5.98% 8.37% 10.98% 6.26% 2.37 0.58 2.17 4.03 0.86 59,725 52,930 46,932 45,120 43,960 10 10
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