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) | 6.400 | January 15, 2044 | 94.303 | ??question mark | 57,372 |
| Kenny Corporation (KCC) | 7.220 | January 15, 2038 | ??question mark | 6.22 | 48,951 |
| Williams Company (WICO) | ??question mark | January 15, 2040 | 94.835 | 7.04 | 43,812 |
What price would you expect to pay for the Kenny Corporation bond?
What is the bonds current yield?
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University Finances Accounting And Budgeting Principles For Higher Education
Authors: Dean O. Smith
1st Edition
1421427257, 978-1421427256
