Problem:
Suppose you found the following bond quote for AT & T in the Wall Street Journal
|
% |
|
|
|
|
| Bond |
Curr |
Vol. |
Close |
Net |
|
|
Yld. |
|
|
Chg. |
|
|
|
|
|
|
|
| ATT 7 1/2 13 |
5.8 |
32 |
131 3/8 |
0.25 |
|
| ATT 8.1 s07 |
??? |
25 |
141 11/32 |
-1/8 |
| ATT 9 3/4 18 |
8.5 |
41 |
??? |
--- |
|
In the bond has a face value of 1,000,000, at what price did the bond sell for that is maturing in 2007?
What is the current yield for the bond maturing in 2007?