Based on the bonds’ current YTM, calculate the average current yield. Name Name

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Based on the bonds’ current YTM, calculate the average current yield.

Name

Name

Maturity Date Amount $(Mil) Credit Quality Price Coupon % Coupon Type Callable Rule 144A Yield to Current Yield (Fixed/Floating) Maturity % Amr Corp Del 11/01/24 0 --- --- --- --- No --- --- Amr Corp Del 10% 04/15/21 32.2 --- 122 10 Fixed No No 6.23 Amr Corp Del 10.2% 03/15/20 17.5 --- 121.1 10.2 Fixed No No 6.1 Amr Corp Del 8.625% 03/01/17 0 --- --- 8.625 --- No --- --- Amr Corp Del 9% 09/15/16 60.9 --- 119.8 9 Fixed No No 0.03 Amr Corp Del 9.75% 08/15/21 15.7 --- 124.7 9.75 Fixed No No 5.73 Amr Corp Del 9.8% 10/01/21 5.065 --- 114.1 9.8 Fixed No No 7.42 Amr Corp Del 9.88% 06/15/20 7.889 --- 123.4 9.88 Fixed No No 5.56 Amr Corp Del Cv 4.5% 02/15/24 0.198 --- 77 4.5 Fixed No No 7.61 Amr Corp Del Medterm Nts Be 10.125% 05/01/21 5 --- --- 10.13 Fixed No No --- Amr Corp Del Medterm Nts Be 10.125% 06/01/21 0.591 --- 109.3 10.13 Fixed No No 8.5 Amr Corp Del Medterm Nts Be 10.15% 05/15/20 0.913 --- 119.4 10.15 Fixed No No 6.43 Amr Corp Del Medterm Nts Be 10.29% 03/08/21 2.365 --- 119.2 10.29 Fixed No No 6.95 Amr Corp Del Medterm Nts Be 10.36% 02/15/21 5 --- --- 10.36 Fixed No No --- Amr Corp Del Medterm Nts Be 10.5% 03/01/21 27 --- --- 10.5 Fixed No No --- Amr Corp Del Medterm Nts Be 10.55% 03/12/21 3.725 --- 119.2 10.55 Fixed No No 7.18

Explanation / Answer

It is assumed that face value $100

Since for some of them market price is not given not caluclated.

Current Yield =(annual coupon)/(market price) *100 + (100-market price) / (years to maturity)

In the above formula YTM has to be taken as an absolute no, i.e. x% is given then to be taken as x only.

since the caluclation is similar for all, not shown seperately.

Name

Name

Maturity Date Amount $(Mil) Credit Quality Price Coupon % Coupon Type Callable Rule 144A Yield to Current Yield (Fixed/Floating) Maturity % Amr Corp Del 11/01/24 0 --- --- --- --- No --- --- ---- Amr Corp Del 10% 04/15/21 32.2 --- 122 10 Fixed No No 6.23 4.67% Amr Corp Del 10.2% 03/15/20 17.5 --- 121.1 10.2 Fixed No No 6.1 4.96% Amr Corp Del 8.625% 03/01/17 0 --- --- 8.625 --- No --- --- --- Amr Corp Del 9% 09/15/16 60.9 --- 119.8 9 Fixed No No 0.03 - 652.49% Amr Corp Del 9.75% 08/15/21 15.7 --- 124.7 9.75 Fixed No No 5.73 3.51% Amr Corp Del 9.8% 10/01/21 5.065 --- 114.1 9.8 Fixed No No 7.42 6.69% Amr Corp Del 9.88% 06/15/20 7.889 --- 123.4 9.88 Fixed No No 5.56 3.8% Amr Corp Del Cv 4.5% 02/15/24 0.198 --- 77 4.5 Fixed No No 7.61 8.867% Amr Corp Del Medterm Nts Be 10.125% 05/01/21 5 --- --- 10.13 Fixed No No --- --- Amr Corp Del Medterm Nts Be 10.125% 06/01/21 0.591 --- 109.3 10.13 Fixed No No 8.5 8.174% Amr Corp Del Medterm Nts Be 10.15% 05/15/20 0.913 --- 119.4 10.15 Fixed No No 6.43 5.483% Amr Corp Del Medterm Nts Be 10.29% 03/08/21 2.365 --- 119.2 10.29 Fixed No No 6.95 5.87% Amr Corp Del Medterm Nts Be 10.36% 02/15/21 5 --- --- 10.36 Fixed No No --- ---- Amr Corp Del Medterm Nts Be 10.5% 03/01/21 27 --- --- 10.5 Fixed No No --- ----- Amr Corp Del Medterm Nts Be 10.55% 03/12/21 3.725 --- 119.2 10.55 Fixed No No 7.18 6.177%

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