The bond’s coupon rate

 

 

One site that provides bond information is www.finra.org/industry/trace/corporate-bond-data. Please pick an
active bond listed on the website and answer the following questions.
What is the identification information of the bond? Such as Bond name, symbol, CUISP, bond type, an industry
group.
What is the bond’s coupon rate? How frequent the bond makes the coupon payment?
When was the bond issued? When will the bond mature? What is the bond’s maturity?
What is the bond’s last trade price? What is the bond’s last trade yield?
The par value of the bond is assumed to be $100 on the website. Please use the information in question 1-4
and this week’s lecture to estimate the bond’s yield to maturity (YTM). Is the bond’s YTM consistent with its last
trade yield?
Please provide steps and analysis associated with your answers to the questions above.

 

Sample Solution

A coupon rate or yield is the amount that investors can expect to receive in income as they hold the bond. Coupon rates are fixed when the government or company issues the bond. The coupon rate is the yearly amount of interest that will be paid based on the face or par value of the security. How to Calculate Coupon Rate Suppose you purchase an IBM Corp. bond with a $1,000 face value that is issued with semi annual payments of $10 each. To calculate the bond’s coupon rate, divide the total annual interest payments by the face value. In this case, the total annual interest payment equals $10 x 2 = $20. The annual coupon rate for IBM bond is thus $20 / $1,000 or 2%

he equality act 2010 makes it law not to discriminate against employees and people that use their services because of a certain particular characteristic, it implies on all private, public and voluntary organizations. Equality act makes sure that all kinds of people with any particular characteristics i.e. (Age, gender, ethnicity, race, disability, and religion) are protected from discrimination.
Working hard towards a diverse workplace, Apple defines diversity as their future. Apple also defines diversity and inclusion on their website as:

“Humanity is plural, not singular. The best way the world works is everybody in. Nobody out”

(Apple, 2018)

Apple is proud of their accomplishments; however, they admit that meaningful change takes time and that they have much more work to do as they to do better.

Diversity is often described in terms of human differences, race, gender, sexual orientation, physical and mental ability, ethnicity, nationality, age, spiritual practice, class and other human differences, (Brazzel, 2013). Value of diversity perspective argues that a diverse workforce is generally beneficial for business, (Herring, 2009). Other aspects of diversity are used to acquire and process information, making and defining reality, diversity therefor is also expressed in terms of human experience ideas, behaviors, physical sensations, feelings, values, and other knowing, (Brazzel, 2013). Therefore the notion of diversity in a workforce is seen as an enhancement of organizational effectiveness and performance which can lead to a competitive benefit, however, if not managed well or even ignored, can bring negative outcomes and can seriously harm the success of organizations, (Slater, Weigand and Zwirlein, 2008).

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