3. 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:

1. Estimate the price the day before this quotation (October 31, 2016) for the bond that will mature in 2020. (4 points)
2. Find the current yield of the bond that matures in 2018. (4 points)
3. 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

Answer rating: 100% (QA)

SOLUTION To estimate the price of the bond that will mature in 2020 on October 31 2016 we need to us... View the full answer