Question: All calculations must be shown for intermediate calculations 2. (20 pts.) Darden Restaurant Inc. has several corporate bonds outstanding. Table below exhibits information related to

All calculations must be shown for intermediate calculations 2. (20 pts.)

All calculations must be shown for intermediate calculations

2. (20 pts.) Darden Restaurant Inc. has several corporate bonds outstanding. Table below exhibits information related to one of those bonds. This $1,000 face value, 6% bond is selling at 102.5 in the market. Popular Name Darden Restaurants 237194AE5 6.0% 08/15/2035 Corporate Bond CUSIP Number 237194AE5 Specialization Restaurants Equity ISIN Code US2371941053 Bond Issue ISIN Code US237194AE57 S&P Rating BBB- Maturity Date 08/15/2035 Issuance Date 08/12/2005 Coupon 6.0 % 5.375 % Reference Treasury Coupon Is Bond Convertible No Is Bond Callable No Given the information, above: a. What is the bond's market price? b. How much is the annual coupon payment of the bond? c. What is the current yield on this bond? d. How would you comment about the riskiness of this bond given its rating

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