Question - It is July1, 2016 and you have just begun work with Numberz Financial Services. A client has seen the following price information about corporate bonds and has asked:
|
Company (Ticker)
|
Coupon
|
Maturity
|
Last Price
|
Last Yield
|
Change
|
|
AMR
|
7.625
|
April. 1, 2033
|
102.76
|
??????
|
-2.5
|
|
BCD
|
0.000
|
July, 2029
|
525.00
|
??????
|
+3.23
|
Note that all bond yields above are compounded semiannually.
Supply the missing information for both bonds.
What was yesterday's price for both bonds?
What is the implicit interest of BCD bond, in dollars, for year 2000?