(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Rating Bid Ask Yield to Price Price Worst/ Maturity Next Cal Qty Date Moody's S&P Yield (min) (min) Sink Maturit Qty Yield to Yield ta Description Coupon Date BLACK HILLS CORP 3.150 01/15/2027 07/15/2026 BAA2 BBB 4.282 92.053 92.810 4.169 4.169 NOTE CALL MAKE 250(5) 20(2) WHOLE3.15000% 01/15/2027 BROADCOM CORP/ 3.875 01/15/2027 10/15/2026 BAA2 BBB- 4.738 92.053 94.083 4.734 4.734 BROADCOM 250(5) 28(2) CAYMAN3.87500% 01/15/2027 NOTE CALL MAKE WHOLE CBS CORP NEW 2.900 01/15/2027 10/15/2026 BAA2 BBB 4.384 89.630 89.901 4.342 4.342 NOTE CALL MAKE 500(10) 231(12) WHOLE2.90000% O1/15/2027 COMCAST CORP NEW 2.350 01/15/2027 10/15/2026 A3 A- 3.899 88.953 89.123 3.874 3.874 NOTE CALL MAKE 100(5) 261(2) WHOLE2.35000% 01/15/2027 DUKE ENERGY FLA 3.200 01/15/2027 10/15/2026 Al A 3.619 96.976 97.498 3.546 3.546 LLC BOND CALL MAKE 250(5) 50(20) WHOLE3.20000% O01/15/2027 KRAFT HEINZ FOODS 4.625 01/30/2029 10/30/2028 BAA3 BBB 4.628 99.965 100.120 4.609 4.609 CONOTE CALL MAKE 250(10) 500(10) WHOLE4.62500% O01/30/2029 VERIZON 3.550 06/15/2029 06/15/2028 BAAI BBB+ 4.350 93.137 94.938 250(5) 5(5) 4.133 4.133 COMMUNICATIONS INC 3.55000% 06/15/2029 MTN
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Rating Bid Ask Yield to Price Price Worst/ Maturity Next Cal Qty Date Moody's S&P Yield (min) (min) Sink Maturit Qty Yield to Yield ta Description Coupon Date BLACK HILLS CORP 3.150 01/15/2027 07/15/2026 BAA2 BBB 4.282 92.053 92.810 4.169 4.169 NOTE CALL MAKE 250(5) 20(2) WHOLE3.15000% 01/15/2027 BROADCOM CORP/ 3.875 01/15/2027 10/15/2026 BAA2 BBB- 4.738 92.053 94.083 4.734 4.734 BROADCOM 250(5) 28(2) CAYMAN3.87500% 01/15/2027 NOTE CALL MAKE WHOLE CBS CORP NEW 2.900 01/15/2027 10/15/2026 BAA2 BBB 4.384 89.630 89.901 4.342 4.342 NOTE CALL MAKE 500(10) 231(12) WHOLE2.90000% O1/15/2027 COMCAST CORP NEW 2.350 01/15/2027 10/15/2026 A3 A- 3.899 88.953 89.123 3.874 3.874 NOTE CALL MAKE 100(5) 261(2) WHOLE2.35000% 01/15/2027 DUKE ENERGY FLA 3.200 01/15/2027 10/15/2026 Al A 3.619 96.976 97.498 3.546 3.546 LLC BOND CALL MAKE 250(5) 50(20) WHOLE3.20000% O01/15/2027 KRAFT HEINZ FOODS 4.625 01/30/2029 10/30/2028 BAA3 BBB 4.628 99.965 100.120 4.609 4.609 CONOTE CALL MAKE 250(10) 500(10) WHOLE4.62500% O01/30/2029 VERIZON 3.550 06/15/2029 06/15/2028 BAAI BBB+ 4.350 93.137 94.938 250(5) 5(5) 4.133 4.133 COMMUNICATIONS INC 3.55000% 06/15/2029 MTN
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Use Exhibit 20-5, Corporate Bond Quotation Table, to find the information for the corporate bond.
VERIZON COMMUNICATIONS INC
bid price in dollars $
Transcribed Image Text:**Exhibit 20-5: Corporate Bond Quotations**
This table provides detailed bond quotations selected from Fidelity.com. It includes information about bond issues from various corporates, with specific details on their coupons, maturity dates, ratings, bid and ask prices, and yields. Here's a breakdown of the columns:
1. **Description**: Lists the issuer and specific bond issue.
2. **Coupon**: The annual interest rate paid by the bond, expressed as a percentage of its face value.
3. **Maturity Date**: The date when the bond will mature and the issuer will pay the bondholder the face value.
4. **Next Call Date**: The earliest date the issuer can repay the bond before maturity.
5. **Rating**: Credit ratings from Moody’s and S&P (Standard & Poor’s) that assess the creditworthiness of the bond.
6. **Bid**: The price and yield at which buyers are willing to purchase the bond.
- *Price*: The price of the bond expressed as a percentage of its face value.
- *Qty (min)*: Quantity available and minimum purchase amount.
7. **Ask**: The price and yield at which sellers are willing to sell the bond.
- *Price*: The price of the bond expressed as a percentage of its face value.
- *Qty (min)*: Quantity available and minimum purchase amount.
8. **Yield to Worst/Yield to Sink**: The lowest potential yield that can be received on the bond without the issuer defaulting.
9. **Yield to Maturity**: The total return anticipated on the bond if held until it matures.
**Detailed Bond Information:**
- **BLACK HILLS CORP NOTE CALL MAKE WHOLE**: Coupon of 3.150%, maturity on 01/15/2027, call date of 07/15/2026. Moody’s rating BAA2 and S&P BBB. Bid price at 92.053 with yield 4.282. Ask price at 92.810 with yield 4.169.
- **BROADCOM CORP/BROADCOM CAYMAN**: Coupon 3.875%, maturity on 01/15/2027, call date of 10/15/2026. Moody’s BAA2 and S&P BBB-. Bid price 92.053 and yield 4.738. Ask price 94.085 with yield 4.734
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