Problem:
Coupon Maturity Last Price Last Yield Spread EST VOL
UST (000s)
11.0 7/31/09 65.50 ? 104 10 5,100
Assuming this bond's face value is $1,000. What is the bond's current market price?
A $65.00
B. $650.00
C. $6,550.00
D. $655.00
What is the yield on the bond?
A. 18.9%
B. 16.8%
C. 14.2%
D. 11.0%