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.

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.) Price $ b) What is the bonds current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Current yield %

Company Ticker Xenon Inc. (XIC) Kenny Corp. (KCC) Last Last EST Vol Maturity Price Coupon Yield (000's) 57,363 5.500 Jan 15, 2021 94.193 5.16 48,942 7.130 Jan 15, 2020 6.86 43,803 Jan 15, 2027 94.745