Question
CLD-4 Problem 6-33 Coupon Rates [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it
CLD-4 Problem 6-33 Coupon Rates [LO 2]
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | Estimated $ Volume (000s) |
|---|---|---|---|---|---|
| Xenon, Incorporated (XIC) | 6.600 | January 15, 2045 | 94.327 | ?? | 57,374 |
| Kenny Corporation (KCC) | 7.240 | January 15, 2039 | ?? | 6.26 | 48,953 |
| Williams Company (WICO) | ?? | January 15, 2041 | 94.855 | 7.08 | 43,814 |
What is the coupon rate for the Williams Company bond?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
