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Use the following November 1, 2016, quotation for XXX Company. Assuming the face value of the bond equal to 1000$ answer the following questions: Estimate

  1. Use the following November 1, 2016, quotation for XXX Company. Assuming the face value of the bond equal to 1000$ answer the following questions:

  1. Estimate the price on the day before this quotation (October 31, 2016) for the bond maturing in year 2020.
  2. Find the current yield for the bond maturing in year 2018.
  3. Calculate the coupon payment of the bond with the longest time to maturity.

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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