Question
whats the coupon rate? Problem 6-32 Bond Prices [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity,
whats the coupon rate?
Problem 6-32 Bond Prices [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022 The bonds have a par value of $2,000 and semiannual coupons. Estimated 94.835 Company (Ticker) Incorporated (XIC) Xenon , Kenny Corporation (KCC) Williams Company (WICO) Coupon s. 4a 7.22a Maturity January 15, 2a44 January 15, 2a38 January 15, 204e Last Price Yield Last 6.22 Volume (oos) 57,372 48,951 43,812 What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Price b. Current yield
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