DISCUSSION

Please note that if you edit your initial response (Original Post), you will not getcredit for the Original Post. The discussions are set up as “Must post first”.Bond Pricing.Go to:Lockheed Martinhttps://www.nyse.com/quote/ARCX:LMT18In your initial response to the topic you have to answer all 8 questions.1.2.3.4.5.6. 7.8. Copy the quotation of one bond that contains the price “Last Trade Price”.Present these quotations in your posting.Describe the information that you received from the quote of the bond. You haveto explain each number and symbol that appears in the bond quotation.Assume that par value of the bond is $1,000. What was the last price of the bondin $$$ (listed in Last Trade Price)?Assume that par value of the bond is $1,000. Calculate annual coupon interestpayments.Assume that par value of the bond is $1,000. Calculate current yield of the bond.Assume that par value of the bond is $1,000. Assume annual coupon payments.Calculate YTM of the bond using the last price (listed in Last Trade Price). (Round thenumber of years to the whole number). You should use Excel or financial calculator.Show your work.Describe one major shortcoming for YTM and current yield.How would the following affect the yield on newly issued bond? Please explainyour answer.a)The bonds are callable.b)The bonds are subordinated to the existing bond issue.c)The bond rating is better or worse than the Moody’s Aa3 that the companyanticipates.