Cengage Grades: View , ng.cengage.com/statich buindechtml?nbld-592602&nbNodelde2

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Cengage Grades: View , ng.cengage.com/statich buindechtml?nbld-592602&nbNodelde215931522;&elSBN-9-; Aplia Homework: Financial Matters: Stocks, Bonds. Futures, and Options Keep the Highest4 5. How to read the bond market page is an escerpt from a bend price table. It shows data for bonds issued by three cempanies B0. BetWest, and Fruitopia. The face value of each bond is $100. Vol Close Net Chg 586 1/2 136 95 9.5 -0.9 BelWest & 3/4 32 6.4 10.5 -0.25 Fruitepis 10 1/2099.72 10.8 pays the highest annual coupon. was traded mest actively IfFruitepia were to issue . bond on the same day this table appeared, with a face value of $100 and maturity date of 2009-the annual eoupen Grade it Now Continue without saving

Explanation / Answer

Price of Fruitopia bond = 10.8% x 100 = $108

Fruitopia pays highest coupon of 10 1/2%.

BB&B was most traded as it has highest volume.

Annual coupon = Current Yield = 9.7%

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