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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 15,2019 . The bonds
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15,2019 . The bonds have a par value of $2,000 and semiannual coupons. a. 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.) b. What is the bond's current yield? (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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