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Your professor pulled up the following bond quote for Chemical Corp. from the Financial Times today. The current date is April 19, 2018 and assume
Your professor pulled up the following bond quote for Chemical Corp. from the Financial Times today. The current date is April 19, 2018 and assume the bond has a face value of $2,000. |
Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) | ||||||||||||
CH | 5.5 | Apr 19, 2034 | 108.89 | ?? | 1,841 | ||||||||||||
a. | What is the yield to maturity on this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
b. | What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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