Question

Assume interest rates for bonds today is 5% for an AAA rated bond. Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer. What other factors may influence the value of a bond?

TOYOTA MTR CRD CORP MTN BE	As of 23-Jul-2015

OVERVIEW

Price:	100.66
Coupon (%):	1.000
Maturity Date:	17-Feb-2015
Yield to Maturity (%):	-2.243
Current Yield (%):	0.993
Fitch Ratings:	AA
Coupon Payment Frequency:	Semi-Annual
First Coupon Date:	17-Aug-2012
Type:	Corporate
Callable:	No