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) | 6.600 | January 15, 2045 | 94.327 | ??question mark | 57,374 |
| Kenny Corporation (KCC) | 7.240 | January 15, 2039 | ??question mark | 6.26 | 48,953 |
| Williams Company (WICO) | ??question mark | January 15, 2041 | 94.855 | 7.08 | 43,814 |
What is the coupon rate for the Williams Company bond?
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The New Finance Overreaction Complexity And Their Consequences
Authors: Robert A. Haugen
4th International Edition
0132775875, 9780132775878
