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?

Sample Solution

Coupon rate is the amount of interest rewarded by bond issuers on the bond’s face value. It is the sporadic rate of interest paid by bond issuers to its customers. The coupon rate is calculated on the bond’s face value (or par value), not on the issue price or market value. For instance, if you have a 10-year- Rs 2,000 bond with a coupon rate of 10 per cent, you will get Rs 200 every year for 10 years, regardless of what happens to the Market bond price.
The government and companies issue bonds to raise money to finance their operations. When you buy a bond, the bond issuer promises periodic (annually or semi-annually) (Ji, Hongdan (2020)

The American conception of privacy is predicated on ensuring the individual’s freedom from government intrusion and pushing back the growth of the administrative state. The framers’ distaste for excessive government power to invade the privacy of the people was forged into the Bill of Rights in the Third, Fourth, and Fifth Amendments. These amendments responded to the egregious British abuses of personal privacy; including the quartering of soldiers in private homes, the search and seizure of colonists’ property, and forcing colonists to divulge information. Some of the first laws in the new republic constrained the government’s use of the census and its ability to compel information in court. The 1966 Freedom of Information Act (FOIA) ensured that people could access records held by the government. Given this history of pushing back against government intrusion, it is reasonable to be skeptical that increasing government power is now the key to privacy in the U.S.

B. GDPR-type Policy in the EU Has Failed to Increase Consumer Trust

The argument for adopting GDPR-like legislation in the U.S. would be made stronger if Europe’s laws to date successfully increased trust among consumers in the digital ecosystem. Unfortunately, reports and surveys indicate no such evidence. The biannual Eurobarometer survey, which interviews 100 individuals from each EU country on a variety of topics, has been tracking European trust in the Internet since 2009. Interestingly, European trust in the Internet remained flat from 2009 through 2017, despite the European Union strengthening its regulations in 2009 (implementation of which occurred over the subsequent few years) and significantly changing its privacy rules, such as the court decision that established the right to be forgotten in 2014. The evidence suggests that Europe’s data protection regulations to date have little to no pos

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