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Use the following corporate bond quotes to answer Questions 31-33: To calculate the number of years until maturity, assume that it is currently January 15,
Use the following corporate bond quotes to answer Questions 31-33: To calculate the number of years until maturity, assume that it is currently January 15, 2019. All of the bonds have a $2,000 par value and pay semiannual coupons. Company (Ticker) EST $ Vol (000's) Coupon Maturity Last Price Last Yield ?? Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) 5.400 7.125 ?? Jan 15, 2024 Jan 15, 2026 Jan 15, 2028 96.153 ?? 95.165 6.02 6.85 57,362 48,941 43,802 LO 2 LO 2 31. Bond Yields What is the yield to maturity for the bond issued by Xenon, Inc.? 32. Bond Prices What price would you expect to pay for the Kenny Corp. bond? What is the bond's current yield? 33. Coupon Rates What is the coupon rate for the Williams Co. bond? LO 2
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