Question
The following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018). Use the information in the quote to answer the question. Maturity Coupon
The following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018). Use the information in the quote to answer the question.
| Maturity | Coupon | Bid | Asked | Chg | Asked Yield |
| 8/31/2,022 | 4.31 | 108:15 | 108:20 | -14 |
What is the current yield on this bond? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16). Use a negative sign to represent a discount.)
Step by Step Solution
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Step: 1
Given information Par value 1000 Maturity date 8312022 Coupon 431 Asked price 10820 This means 108 a...
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Essentials Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
7th Edition
0073382469, 978-0073382463
