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Use the following November 1, 2016, quotation for Apple Co. Assuming the face value of the bond equal to 1000$ answer the following questions: Estimate
- Use the following November 1, 2016, quotation for Apple Co. Assuming the face value of the bond equal to 1000$ answer the following questions:
- Estimate the price on the day before this quotation (October 31, 2016) for the bond maturing in year 2020. (4 points)
- Find the current yield for the bond maturing in year 2018.(4 points)
- Calculate the coupon payment of the bond with the longest time to maturity.(4 points)
| Bonds | Cur Yld | Vol | Close | Net Chg |
| AAPL 9s 16 | ? | 30 | 120 1/8 | +1/4 |
| AAPL 4 18 | ? | 55 | 100 | +3/4 |
| AAPL 5 1/8 20 | ? | 160 | 112 1/8 | -1/8 |
| AAPL 6 21 | ? | 100 | 100 3/8 | +1/5 |
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