Bond Current Yield Sales Close Net Chang GMC 10 1/4 17 12.0 9 105.5 +.125 From t

Question

Bond                 Current Yield                Sales              Close             Net Chang

GMC 10 1/4 17             12.0                          9                 105.5              +.125

From the bond listing above complete the following:

A._______is the name of the company.

B._______is the percent of interest paid on the bond.

C._______is the year in which the bond matures.

D._______is the total interest for the year.

E._______was yesterdays closing price of the bond.

F._______was the amount the last bond traded for on this day.

G._______is the total cost of buying 3 bonds on this day (excluding commission).

Explanation / Answer

A. GMC is the name of the company

B. 10 is the percent of interest paid on bond.

C. 2017 is the year in which bond mature

D. 9 is the total interest for the year

E. 105.5 was yesterdays closing price of the bond.

F. 105.375 was the amount the last bond traded for on this day

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