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) | 6.90 | January 15, 2042 | 94.363 | ?? | 57,377 |
| Kenny Corporation (KCC) | 7.27 | January 15, 2036 | ?? | 6.32 | 48,956 |
| Williams Company (WICO) | ?? | January 15, 2038 | 94.885 | 7.14 | 43,817 |
What is the yield to maturity for the bond issued by Xenon, Incorporated?
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The Lifestyle Investor
Authors: Justin Donald, Ryan Levesque, Mike Koenigs
1st Edition
1636800130, 978-1636800134
