31UIUC%20FIN%20300%20Bond%20Prices%20and%20Characteristics%20FA2010%20v2.0

31UIUC%20FIN%20300%20Bond%20Prices%20and%20Characteristics%20FA2010%20v2.0

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UNIVERSITY OF ILLINOIS College of Business - Department of Finance - Finance 300 (Financial Markets) Professor James Jackson U.S. Treasury Notes and Bonds Prices (p. 259) Coupon Rate % Maturity Date Bid Quote Ask Quote Bid Price for $1.0 M lot Ask Price for $1.0 M lot 3.81% Feb-09 105:03 105:05 $1,050,937.50 $1,051,562.50 7.62% Mar-11 106:06 106:08 $1,061,875.00 $1,062,500.00 15.24% Jun-12 100:12 100:14 $1,003,750.00 $1,004,375.00 16.51% Jun-10 95:13 95:15 $954,062.50 $954,687.50 24.13% Mar-11 100:19 100:21 $1,005,937.50 $1,006,562.50 Municipal Bonds and Tax Equivalent Treasury Securities (p. 270) Tax Rate (Tax m ) Maturity Date U.S. Treasury Yield (Y T ) Eq. Municipal Bond Yield (Y M ) Y M = Y T * [1-Tax m ] 15% 10-Feb 5.607% 3.760% 15% 12-Mar 6.694% 5.690% 25% 19-Jun 8.104% 6.080% 33% 14-Nov 5.654% 3.790% 33% 21-Nov 8.308% 5.570% Convertible Bonds (p. 290) 1
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Asset Face Value (F) Stock Conversion Price (CP S ) Conversion Ratio (CR) CR = F/ CP s A $1,000 $57.09 17.5162 shares B $1,000 $99.05
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31UIUC%20FIN%20300%20Bond%20Prices%20and%20Characteristics%20FA2010%20v2.0

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