Q Search this Ch 07: Assignment - Bonds and Their Valuation Attempts: 1 Average: 173 10. Bond listings and yield spreads The following bond list is from the business section of a financial newspaper on January 1, 2016. Assume that each boodshown matures on January 1 in 5, 10, or 30 years. Each bood shown pays a semiannual coupon and the coupon rate is in the column labeled Coupon The Last Price and Last Yield columns indicate each bond's price and YTM at the end of trading. EST Spread indicates the bond's spread above the relevant US Treasury benchmark expressed as a percentage. UST indicates which US Treasury security maturity is the relevant benchmark for each bond. EST Volume shows the number of boods traded during the day. Notice also that prices are stated relative to a par value of $100. Assume all bonds have the same defolt premium. Fill in the value of Powell Co.'s bonds. Last Yield EST Spread UST (Years) Last Price $97.87 $99.22 Company Stay Corp. Taggart Corp. Acme Inc. Wayne Inc. Powell Co. 0.58% Coupon 8.25% 5804 8.98% 9.635 4.13% EST Volume (1000) 59,725 52,930 Maturity 01-01-2026 01-01-2021 01-01-2026 01-01-2046 01-01-2021 8.57% 5.98% .37% 10.98% 2.174 46932 $104. 078 $88.14 4,034 6.267 45,120 43.960 O If you were to calculate the yield on a security with a 10-year US Treasury security, the yield will be equal to Which bond is trading at a premium? Stay Corp. Taggart Corp Acme Inc. Powell Co