Chapter 4: Net Present Value
The current yield on the AT&T bond maturing in 2004 is 7.125 percent. The AT&T bond maturing in 2004 has a yield to maturity of less than 7.125 percent. Bonds Current Yield Volume Close Net Change ATT 9s 18 ? 10 117 + 1/4 ATT 5 1/8 03 ? 5 100 + 3/4 ATT 7 1/8 04 ? 193 104 1/8 + 1/4 ATT 8 1/8 24 ? 39 107 3/8 - 1/8 ................
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