Question: Use the information given in the following table for an 4M bond to answer the two questions below Today is July 31, 2017 Type Issue

Use the information given in the following table for an 4M

Use the information given in the following table for an 4M bond to answer the two questions below Today is July 31, 2017 Type Issue Price Coupon Maturity YTM Current Rating date 1-31-18% 2020 yield | ? date rate 4M | January | $1,066.78 | Bond 31, ? | | BBB 2000 Assume semi-annual interest payments and par value of the 4M bond of S1,000. Must SHOW (either using formulas or TVM factors as is done in lecture notes and videos) your work to receive credit. Simply showing keys entered in a financial calculator or function used in excel will grant you zero credit. (A) What is the coupon rate of the 4M bond? (B) What is the bond's current yield (as of today: July 31 2017)

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