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9 10.00 points You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15,
9 10.00 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 Ticker) EST $ Vol Last Price 94.333 Last Yield Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) Coupon 6.900 7.270 Maturity Jan 15, 2035 Jan 15, 2034 Jan 15, 2041 ld (000's) 57,377 48,956 43,817 5.44 7.14 94.885 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 Referencese s eBook & Resources Worksheet Learning Objective: 06-02 Describe bond values and why they fluctuate. Difficulty: 2 Intermediate Section: 6.1 Bonds and Bond Valuation
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