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How do you calculate the coupon payment (PMT) from this? You find the following corporate bond quotes. To calculate the number of years until maturity,
How do you calculate the coupon payment (PMT) from this?
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 (Ticker) Coupon Xenon, Inc. (XIC) 6.20 Kenny Corp. (KCC) 7.20 Williams Co. (WICO) ?? Maturity Jan 15, 2033 Jan 15, 2030 Jan 15, 2037 Last Price 94.279 ?? 94.815 Last Yield ?? 6.18 7.00 EST $ Vol (000's) 57,370 48,949 43,810Step by Step Solution
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