Problem
Apple Inc bond calculations
A. What were the last prices of the bonds (listed in the Last Sale column)? Assume that par value of the bond is $1,000. How much the investor will pay for the bond if he/she purchased the bond at the Price listed in the Last Sale column. Show your work in your project.
B. Assume that par value of the bond is $1,000. Calculate the annual coupon interest payments. Show your work in your project.
C. Assume that par value of the bond is $1,000. Calculate the current yield of the bonds. Show your work in your project.
D. How much is the YTM listed in quotations of the bonds (in the Last Sale column - Yield) (no calculations are required for this question?
Bond information
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ISIN
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US037833DP29
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Name
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APPLE 19/29
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Country
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USA
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Issueance
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Issuer
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Apple Inc.
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Issue Volume
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1,750,000,000
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Currency
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USD
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Issue Price
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99.61
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Issue Date
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9/11/2019
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Coupon
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Coupon
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2.200%
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Denomination
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1000
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Quotation Type
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Payment Type
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regular interest
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Special Coupon Type
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|
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Maturity Date
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9/11/2029
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Coupon Payment Date
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3/11/2023
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Payment Frequency
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No. of Payments per Year
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2.0
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Coupon Start Date
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3/11/2020
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Final Coupon Date
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9/10/2029
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