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You find the following corporate bond quotes. Assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and
You find the following corporate bond quotes. Assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Coupon Maturity Last Price Last Yield. (000) 6.200 Kenny Corporation (KCC) Williams Company (WICO) 7.200 27 January 15, 2042 January 15, 2036 January 15, 2038 94.279 22 77 57,370 6.18 48,949 94.815 7.00 43,810 a. 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 Answer is not complete. 6.64%
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