Question
ou find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds
ou 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 Maturity Last Price Last Yield EST $ Vol (000s) Xenon, Inc. (XIC) 6.300 Jan 15, 2032 94.273 ?? 57,371 Kenny Corp. (KCC) 7.210 Jan 15, 2029 ?? 6.20 48,950 Williams Co. (WICO) ?? Jan 15, 2035 96.825 6.45 43,811 What is the coupon rate for the Williams Co. bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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