Refer to the bonds appearing in Figure 6.1.
a. What is the coupon rate and year of maturity for the Qualcomm and Time Warner bonds?
b. How much would you have had to pay to buy one Bank of America bond at the closing trade?
c. Why is the yield-to-maturity on the Hewlett Packard Enterprise bonds of 2025 higher than the yield on the AT&T bonds of 2025?

Transcribed Image Text:

FIGURE 61 Coporate Bond Quotations For the week ending Friday. November 20, 2015 Forty most active fixed-coupon corporate bonds "EST Last Yield Spread EST $ Vol UST (000's) Company (Ticker) Coupon Maturity Last Price G59,190 lockheed Martin (LMT) 3.550 Jan 15, 2026 100.262 3.519 128 10 Lockheed Martin (LMT) Micrasaft (MSFT) May 15, 2046 4.700 101.232 4.620 159 30 524,160 9. 331 3.125 Nov 03, 2025 3.133 87 10 400,239 3.095 Novartis Capital Corp (NOVX) Socete Generate Sa (SOCGEN) Socete Generate Sa (SOCGEN) 3.000 Νoν 20, 2025 99. 189 83 10 318,408 4.750 Nov 24, 2025 284,517 99.075 4.868 263 10 99. 538 99.879 281,723 5.625 Nov 24, 2045 5.653 263 30 lokheed Martin (LMT) 2500 Nov 23, 2020 2526 84 279,763 Micrasaft (MSFT) Nov 03, 2045 4.450 101.732 4.345 132 30 268,918 Cigoup (C) Ge Capital Intematio nal Funding Co (GE) JPMargan Chase (JPM) lokheed Martin (LMT) Nov 15, 2049 6.125 2342 102.000 5.657 263 30 264,729 99.695 Nov 15, 2020 2407 75 260,422 7.900 Apr 30, 2049 May 15, 2036 103.250 6.431 341 30 246,777 4.500 100.526 4.460 143 30 226,083 Santander Issuances Sau (SANTAN) 5.107 5.179 Nov 19, 2025 100.557 287 10 224,383 Intercontinental Exchange (ICE) 3.750 2.600 Dec 01, 2025 100.637 3.673 141 10 224,138 Westpac Banking (WSTP) Nov 23, 2020 100. 126 2573 89 211,736 Cigoup (C) Kinder Margan Energy Partners Lp (KMI) Od 26, 2020 2650 99.555 2.747 106 211,454 5.950 Feb 15, 2018 102.864 4.576 335 3 208,459 4.350 Ace Ina Holdings (ACE) Nov 03, 2045 99.900 4.356 133 30 207,996 202,015 Ors Health (CVS) 3.875 Jul 20, 2025 102.241 3.592 133 10 Intercontinental Exdhange (ICE) Novartis Capital Carp (NOVX) Lockheed Martin* (LMT) 2.750 200,072 Dec 01, 2020 100.249 2.697 101 4.000 Nov 20, 2045 98.300 4.099 107 30 199,712 Nov 23, 2018 1.850 100.073 1.825 62 3 197,326 96. 664 AT&T () May 15, 2025 196,053 3.400 3.823 157 10 Time Warner (TWX) Halliburton Co (HAL) Actavis Funding Scs (AGN) 3.875 Jan 15, 2026 100.434 3.821 158 10 189,425 5.000 Nov 15, 2045 100.382 4.975 195 30 189 299 3.800 Mar 15, 2025 99.546 3.858 162 10 188,607 1950 Westpac Banking (WSTP) JPMargan Chase (JPM) Hawlett Packard Enterprise Co (HPE) Astrazeneca (AZN) Nov 23, 2018 Oct 29, 2020 Od 15, 2025 Nov 16, 2045 100.061 1.929 70 3 184,302 2550 99.960 2.558 87 182,771 4.900 98.333 5.116 287 10 179,371 4.372 4.375 100.041 136 30 174,613 Kinder Margan (KMI) Auslralia and New Zaaland Banking Group Ltd. (New Yak Branch) (ANZ) Jun 01, 2025 4.300 85.113 6.414 416 10 174,185 Nov 16, 2020 2.700 100.645 2.561 88 171,468 Ally Financial (ALLY) Micrasaft (MSFT) General Motos Financial Inc. (GM) 5.750 Nov 20, 2025 100. 180 5.726 346 10 169,800 Nov 03, 2020 2.000 99.812 2.040 36 167,181 166,385 3.700 Nov 24, 2020 99.882 3.726 204 165,469 JPMargan Chase (JPM) 3.900 Jul 15, 2025 103.089 3.511 125 10 Sep 15, 2043 Aug 01, 2025 Nov 03, 2018 May 20, 2025 165,253 164,078 Verizan Communications* (VZ) 6.550 120.362 5.162 215 30 Bank of America (BAQ 3.875 101.973 3.631 137 10 Micrasaft (MSFT) Qualoomm (OCOM) 99.848 162,608 1.300 1.353 14 3 94. 170 4201 161 247 3.450 195 10