Microsoft Notes
Securities issued on 2013 Yield = (1000 * 0.875%)/ 998.35 = 0.876%
Yield in 2015
Yield = (1000 * 1.625%)/ 995.61 = 1.632%
Yield in 2020
Yield = (1000 * 3.0%)/ 991.36 = 3.026%
Yield in 2040
Yield = (1000 * 4.50%)/ 989.11 = 4.55%
Coca-Cola Enterprises, Inc.
Yield in 2012 Yield = (1000 * 3.750%)/ 995.87 = 3.766% Yield in 2015 Yield = (1000 * 4.250%)/ 988.77 = 4.298%
Norfolk Southern’s ``century’’ Bond
Issue to the public Yield = (1000*0.06)/1008.33 = 5.95%
Issue to U.S
Yield = (1000*0.06)/998.33 = 6.01%
IBM floating rate notes
Yield = (1000*0.1)/999.0 = 10.01% Bonds are instruments of indebtedness of the bond issuer to the holder of such debt securities. They are debt instruments under which the company issuing the bonds owes the owners the obligation and contingent ...