Assume interest rates for bonds today is 5% for an AAA rated bond. Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer. What other factors may influence the value of a bond?
|
JPMORGAN CHASE & CO
|
As of 17-Apr-2015
|
|
|
|
Price:
|
102.08
|
|
Coupon (%):
|
3.400
|
|
Maturity Date:
|
24-Jun-2015
|
|
Yield to Maturity (%):
|
-0.335
|
|
Current Yield (%):
|
3.331
|
|
Fitch Ratings:
|
A
|
|
Coupon Payment Frequency:
|
Semi-Annual
|
|
First Coupon Date:
|
24-Dec-2010
|
|
Type:
|
Corporate
|
|
Callable:
|
No
|
|