Task: review information for the bond listed below and complete the narrative that follows by filling in the blanks.

1a. Review information for the 3.95% Oracle bond ORCL5153813 (Links to an external site.) and fill in the blanks in the narrative below. Pay attention to the terminology used so that you will know in future what to answer if I say for example, "terms of the bond".

According to the terms of the bond, an investor buying the bond today can expect to receive every months, on and of every year. The first payment will be received on and the final payment will be received on . The par value of will be redeemed on .

The price of the bond at offering (ie. issue price) was , which is a price because it is than the . This explains why the yield at offering, , is than the of .

The bond last traded at , which is a price compared to its . This explains why the yield at the last traded price, , is than the of .

The residual maturity of this bond (to the closest half-year) is years.

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