Question
Use the following corporate bond quotes to answer the question: To calculate the number of years until maturity, assume that it is currently January 15,
Use the following corporate bond quotes to answer the question: To calculate the number of years until maturity, assume that it is currently January 15, 2010.
| Company Ticker | Coupon | Maturity | Last Price | Last Yield | EST $ Vol (000's) |
| Xenon, INC (XIC) | 5.4 | January 15, 2020 | 94.183 | ?? | 57.362 |
| Kenny Corp (KCC) | 7.125 | January 15, 2017 | ?? | 6.02 | 48.941 |
| Williams CO, (WICO) | ?? | January 15, 2026 | 94.735 | 6.85 | 43.802 |
a. What is the yield to maturity for the bond issued by Xenon, Inc.?
b. What price would you expect to pay for the Kenny Corp, Bond? What is th bond's current yield?
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Project Finance In Construction
Authors: Tony Merna, Yang Chu, Faisal F. Al-Thani
1st Edition
1444334778, 978-1444334777
