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11. Bond listings and yield spreads The following bond list is from the business section of a financial new in 5, 10, or 30 years. Each bond shown pays a semiannual coupon-the coupon rate i The spaper on January 1, 2016. Assume that each bond shown matures on January 1 Last Price and Last Yield columns indicate each bond's price and YTM at the end of trading, EST Spread indicates the bond's spread above the relevant U.S. Treasury benchmark, expressed as a percentage. UST indicates which U.S. Treasury security maturity is the relevant benchmark for each bond. EST Volume shows the number of bonds traded during the day. Notice also that prices are stated relative to a par value of $100. Assume all bonds have the same default premium. Fill in the value of Virtucon Co.'s bonds. Company Coupon Maturity Last Price Last Yield EST Spread UST (Years) EST Volume (1000s) Wernham Inc. 8.25% 01-01-2026 $97.87 Niagular Corp. 5.80% 01-01-2021 8.57% 10 52,930 46,932 $99.22 5.98% 0.58 Housing Co. 8.98% 01-01-2026 $104.07 Ashpool Inc. 9.6396 Virtucon Co. 4.13% 01-01-2021 6.26% 0.85 8.37% 10 01-01-2046 $88.14 10.98% 4.03 30 If you were to calculate the yield on a security with a 10-year U.S. Treasury security, the yield will be equal to Which bond is trading at a premium? Virtucon Co. Ashpool Inc. Wernham Inc Housing Co

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