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Use the following corporate bond quote to answer the following questions. Today is April 15, 2016 and a coupon was paid yesterday. Issuer Name Symbol
Use the following corporate bond quote to answer the following questions. Today is April 15, 2016 and a coupon was paid yesterday. Issuer Name Symbol Coupon Maturity High Low Last | Change Rating Moody's/S&P Yield % CITIGROUP INC C.ALY 1 4.50% Apr 22 Baa2/A- 102.915 102.172 102.638 -0.161 PXD.GG 1 6.65% Apr 17 Baa3 /BBB- 118.606 PIONEER NAT RES CO ARAMARK CORP 118.5 -0.159 1.999 RMK.GJ18.50% Oct 15 B3/B L 102.5 101.75 0.875 0.417 1. What is the current bond price of the Pioneer Nat Res Co bonds? 2. What is the YTM of the Citigroup bonds? 3. Inflation is expected to be 2.5% annually over the next 15 years. What is the expected real return of the Citigroup bonds? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --------------- The answer said 1) $1,045.82 2) 4.001% 3) 1.46%. Please show me your work and how to do on the financial calculator. Show transcribed image text Hide comments (1) V
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