Bonds on Bonds on Bonds on Bonds Essay

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* Ford * Issue Date: 11/09/95 * Maturity: 11/15/25 * Coupon: 7.125% * Coupon Frequency: Semi-Annual * Issue Price: 99.302 * YTM: 4.012861% * Duration: 7.7992 * Modified Duration: 7.6349 * Macauly Duration: 7.7881 * Convexity: 0.7449 * Correlation Coefficient: 0.815746 * Credit Rating: Baa3 * % Change in Price QtQ: 10.63% * Southwestern * Issue Date: 10/03/97 * Maturity: 10/10/17 * Coupon: 7.125% * Issue Price: 97.826 * YTM: 2.399094% * Duration: 2.2962 * Modified Duration: 2.2691 * Macauly Duration: 2.2963 * Convexity: 0.0663 * Correlation Coefficient: 0.806377797 * Credit Rating: Baa3 * % Change in Price QtQ: 3.98% * Ford & Southwestern * Ford has much higher duration and convexity measures likely due to the bond’s longer TTM * Ford has a very high measure for price volatility relative to Southwestern. * TTM is high * Very high duration * AWH * Issue Date: 07/21/06 * Maturity: 08/01/16 * Coupon: 7.5% * Coupon Frequency: Semi-Annual * Issue Price: 99.707 * YTM: 1.8707% * Duration: 1.2820 * Modified Duration: 1.2701 * Macauly Duration: 1.2819 * Convexity: 0.0228 * Correlation Coefficient: 0.550829 * Credit Rating: Baa1 * % Change in Price QtQ: 4.1% * Citi * Issue Date: 07/26/06 * Maturity: 08/02/16 * Coupon: 5.85% * Issue Price: 99.94 * YTM: 1.2088% * Duration: 1.2954 * Modified Duration: 1.2876 * Macauly Duration: 1.3032 * Convexity: 0.0233 * Correlation Coefficient: 0.647863 * Credit Rating: Baa2 * % Change in Price QtQ: 3.53% * AWH & Citi * AWH has an average

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