G-Tech has an outstanding 20-year bond and the following information is presented to you to answer the
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Question:
G-Tech has an outstanding 20-year bond and the following information is presented to you to answer the two questions below:
Today is October 01, 2017.
Type: G-Tech Bond
Issue date: April 01 2003
Price:$833.87
Coupon rate?
Maturity date 4-01-2023
YTM 10%
Current yield?
Rating AA
Assume semi-annual interest payments and par value of the bond of $1,000.
Use percentage denomination (% sign) and two decimals. For example, if your answer is 7.256 percent, enter7.26%
What is the coupon rate for the G-Tech bond?
What is the current yield of this bond?
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