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8. 2.00 points You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15,
8. 2.00 points You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016 The bonds have a par value of $2,000 Company Last Last EST & Vol Ticker Coupon Maturity Price Yield (0000 Xenon, Inc. (XIC) 6.200 Jan 15, 2020 94263 57,270 Kerry Corp. (OC) 7. 200 Jan 15 2027 73 5.30 48 949 Williams Co (Wico) ?? Jan 15, 2034 94.815 7.00 43,810 What price would you expect to pay for the Kenny Corp, bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Price What is the bond's current yield? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16) Current yield References cBook & Resources Worksheet Learning Objective: 06-02 Describe bond values and why they fluctuate Difficulty: 2 Intermediate Section 6.1 Bonds and Bond Valuation Check my work
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