Company- Ford
Coupon-11.0
Maturity-July 31,2009
Last Price-65.50
Last Yield- ?
EST Spread- 104
Est UST- 10
VOL.-5,100
Based on the table, what is the last yield for this bond?
To find the last yield for this bond, we need to use the information given in the table. The last yield is not directly provided, but we can calculate it using the other information provided.
The formula to calculate the yield is:
Yield = Coupon / Price
where,
Coupon = the coupon rate of the bond
Price = the last price of the bond
From the table, we have the following information:
Coupon = 11.0
Price = 65.50
Now, let's calculate the yield:
Yield = 11.0 / 65.50 = 0.168
So, the last yield for this bond is approximately 16.8%.
Please note that this calculation assumes a simple annual coupon payment and does not take into account any other factors or risks associated with the bond.