Question: Suppose that the following quote for the Financial Management Corporation’s 1,000 dollar par value bond was found in the Wednesday, November 8, issue of the Wall Street Journal.
Financial Management (FM) 5.700 May 15, 2013 97.708 6.034 129 10 47,807
Given this information, answer the following questions:
[A] Determine when does the bond mature?
[B] Calculate the bond’s coupon interest rate?
[C] Calculate the bond’s yield? Describe what this value represents.
[D] On what day did the trading activity occur?
[E] Determine the last price at which the bond traded on November 7?