Question
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
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. Company (Ticker) Coupon Maturity Last Price Last Yield Estimated $ Volume (000s) Xenon, Incorporated (XIC) 7.000 January 15, 2041 94.375 ?? 57,378 Kenny Corporation (KCC) 7.280 January 15, 2035 ?? 6.34 48,957 Williams Company (WICO) ?? January 15, 2037 94.895 7.16 43,818 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. What is the bonds current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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