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8. You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019.
8. You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company Coupon Maturity Last Last EST $ Vol (Ticker) Price Yield (000's) Xenon, Inc. (XIC) 5.50 Jan 15, 2026 94.195 ?? 57,363 Kenny Corp. (KCC) 7.280 Jan 15, 2038 ?? 5.46 48,957 Williams Co. (WICO) ?? Jan 15, 2031 96.785 6.37 43,807 a. What is the yield to maturity for the bond issued by Xenon, Inc.? b. What price would you expect to pay for the Kenny Corp. bond? c. What is the Kenny Corp. bond's current yield? d. What is the coupon rate for the Williams Co. bond?
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