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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, 2022. The
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. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Coupon 6.00 Maturity January 15, 2040 Kenny Corporation (KCC) 7.18 Williams Company (WICO) ?? January 15, 2034 January 15, 2036 Last Price Last Yield 94.255 ?? (000s) ?? 57,368 6.14 48,947 94.795 6.96 43,808 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity 7.38%
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