Question
You are given the following partial quote from a newspaper dated Septemeber 29, 2015. Assume the bond has a face value of $1,000 and pays
You are given the following partial quote from a newspaper dated Septemeber 29, 2015.
Assume the bond has a face value of $1,000 and pays interest semi-annually,
Coupon=8.00
Maturity=September 29, 2035
Last Price =121.40%
Est Spread= 367
1. What is the yield to maturity on this Bond?
2. What is the current yield on this bond?
3. Is this a premium, discount, or par bond?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
