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Please explain using a financial calculator. (N, PMT, FV, PV ,I) You find the following corporate bond quotes. To calculate the number of years until
Please explain using a financial calculator. (N, PMT, FV, PV ,I)
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) 7.00 Kenny Corp. (KCC) 7.28 Williams Co. (WICO) ?? Maturity Jan 15, 2041 Jan 15, 2038 Jan 15, 2045 Last Price 94.375 ?? 94.895 Last Yield ?? 6.34 7.16 EST $ Vol (000's) 57,378 48,957 43,818 What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Yield to maturity 7.72 %Step by Step Solution
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