You are to use your firm that you've been following throughout the class. Go to www.finra.org to start the process of looking up bond information for your company. Company Ticker Company Name Choose a bond from the list at FINRA and make sure that it has both a "last sale price" and "last sale yield" available. From the bonds that have both of these, choose one that is closest to 10 years away from maturity (i.e. the maturity date is nearest Oct., 2032). Then fill in the below six fields with info from FINRA for your chosen bond. Copy it directly. Do not "interpret" or change anything from the screen to your paper. Now you're ready to start the work. First, note that the number you wrote for "coupon" is actually the coupon rate, as if a \% were written next to it. Then recognize that it's the annual coupon rate. So if you wrote 5.5 for the coupon rate, then the annual total coupon paid by the firm is 5.5%$1,000=$55. However, corporate bonds pay coupons semi-annually. So the actual coupon payment that an investor receives is half of that, and they receive it every six months. Now answer the following questions: What do you put into the financial calculator for PMT= What do you put into the financial calculator for N= What do you put into the financial calculator for FV= What do you put into the financial calculator for PV= You are to use your firm that you've been following throughout the class. Go to www.finra.org to start the process of looking up bond information for your company. Company Ticker Company Name Choose a bond from the list at FINRA and make sure that it has both a "last sale price" and "last sale yield" available. From the bonds that have both of these, choose one that is closest to 10 years away from maturity (i.e. the maturity date is nearest Oct., 2032). Then fill in the below six fields with info from FINRA for your chosen bond. Copy it directly. Do not "interpret" or change anything from the screen to your paper. Now you're ready to start the work. First, note that the number you wrote for "coupon" is actually the coupon rate, as if a \% were written next to it. Then recognize that it's the annual coupon rate. So if you wrote 5.5 for the coupon rate, then the annual total coupon paid by the firm is 5.5%$1,000=$55. However, corporate bonds pay coupons semi-annually. So the actual coupon payment that an investor receives is half of that, and they receive it every six months. Now answer the following questions: What do you put into the financial calculator for PMT= What do you put into the financial calculator for N= What do you put into the financial calculator for FV= What do you put into the financial calculator for PV=
