PT. 1 Use the following bond listing for Pacific Bell to answer the following:

(chart is below)

What is the coupon rate and maturity date for this bond?

a.

The coupon rate is 6StartFraction 5 Over 8 EndFraction; the maturity date is 2034.

b.

The coupon rate is StartFraction 1 Over 8 EndFraction; the maturity date is 2034.

c.

The coupon rate is 6StartFraction 5 Over 8 EndFraction; the maturity date is 2099.

d.

The coupon rate is 6.55; the maturity date is in 5 years.

PT 2.

Examine the following typical corporate bond listing:
A 5-column table with 1 row. Column 1 is labeled Bonds with entry N Y Tel 7 and one-fourth 33. Column 2 is labeled current yield with entry 6.9. Column 3 is labeled Volume with entry 18. Column 4 is labeled Close with entry 101 and three-fourths. Column 5 is labeled net change with entry negative startFraction 1 Over 8 EndFraction.

In the name column, NYTel is the abbreviated name of the company (New York Telephone) issuing the bond. What was the closing price of the bond? What was the dollar amount?
a.
101Three-fourths; $101,750
b.
7One-fourth; $7250
c.
101Three-fourths; $1017.50
d.
107One-fourth; $1072.50