Question
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST $ Vol (000s) |
| Xenon, Inc. (XIC) | 6.500 | Jan 15, 2031 | 94.293 | ?? | 57,373 |
| Kenny Corp. (KCC) | 7.230 | Jan 15, 2030 | ?? | 5.36 | 48,952 |
| Williams Co. (WICO) | ?? | Jan 15, 2037 | 94.845 | 7.06 | 43,813 |
What price would you expect to pay for the Kenny Corp. bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST $ Vol (000s) |
| Xenon, Inc. (XIC) | 6.500 | Jan 15, 2031 | 94.293 | ?? | 57,373 |
| Kenny Corp. (KCC) | 7.230 | Jan 15, 2030 | ?? | 5.36 | 48,952 |
| Williams Co. (WICO) | ?? | Jan 15, 2037 | 94.845 | 7.06 | 43,813 |
What price would you expect to pay for the Kenny Corp. bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
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How To Value Buy Or Sell A Financial Advisory Practice
Authors: Mark C. Tibergien, Owen Dahl
1st Edition
1576601749, 978-1576601747
