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Help find price, thanks! You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January
Help find price, thanks!
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 EST S Vol (000's) 57,368 48,947 43,808 Company Ticker) Last Price 94.243 Last Yield Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) Coupon 6.000 7.180 Maturity Jan 15, 2026 Jan 15, 2025 Jan 15, 2032 5.26 6.96 94.795 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 6.31 %Step by Step Solution
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