Problem 6-29 Bond Prices [LO 2]

To calculate the number of years until maturity, assume that it is currently January 15, 2013.

Company (Ticker)	Coupon	Maturity	Last Price	Last Yield	EST $ Vol (000s)
Xenon, Inc. (XIC)	5.700	Jan 15, 2023	94.213	??	57,365
Kenny Corp. (KCC)	7.150	Jan 15, 2020	??	6.08	48,944
Williams Co. (WICO)	??	Jan 15, 2029	94.765	6.90	43,805

Requirement 1:

What price would you expect to pay for the Kenny Corp. bond? (Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Price

$

Requirement 2:

What is the bonds current yield? (Round your answer to 2 decimal places (e.g., 32.16).)

Current yield

%