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You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 1 5 , 2
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January The bonds have a par value of $ and semiannual coupons.
tableEstimated $Company TickerCoupon,Maturity,Last Price,Last Yield,VolumeXenon Incorporated XICJanuary Kenny Corporation KCCJanuary Williams Company WICOJanuary
a What price would you expect to pay for the Kenny Corporation bond?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b What is the bond's current yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
a Price
b Current yield
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