Apple Co. Use the November 1, 2016 quote below for Assuming the bond's face value is equal
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Question:
- Apple Co. Use the November 1, 2016 quote below for Assuming the bond's face value is equal to $1,000, answer the following questions:
- Estimate the price the day before this quotation (October 31, 2016) for the bond that will mature in 2020. (4 points)
- Find the current yield of the bond that matures in 2018. (4 points)
- Calculate the coupon payment of the bond with the longest maturity (4 points)
bonds | Cur Yld | skin | Closed | Net Change |
AAPL 9s 16 | ? | 30 | 120 1/8 | +1/4 |
AAPL 4 ¼ 18 | ? | 55 | 100 | +3/4 |
AAPL 5 1/8 20 | ? | 160 | 112 1/8 | -1/8 |
AAPL 6 ¼ 21 | ? | 100 | 100 3/8 | +1/5 |
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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