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Assume it is currently January 15, 2019. All of the bonds have a 2000 dollar par value and pay semiannual coupons. a) What is the
Assume it is currently January 15, 2019. All of the bonds have a 2000 dollar par value and pay semiannual coupons.
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? What is the bond's current yield?
\begin{tabular}{|lccccc} Company (Ticker) & Coupon & Maturity & Last Price & Last Yield & EST \$ Vol (000 's) \\ \hline Xenon, Inc. (XIC) & 5.400 & Jan 15, 2024 & 96.153 & ?? & 57,362 \\ Kenny Corp. (KCC) & 7.125 & Jan 15, 2026 & ?? & 6.02 & 48,941 \\ Williams Co. (WICO) & ?? & Jan 15, 2028 & 95.165 & 6.85 & 43,802 \\ \hline \end{tabular}Step by Step Solution
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