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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, 2016. The bonds
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. EST $ Vol (000's) 57,363 48,942 43,803 Company (Ticker) Last Price 94.193 Last Yield Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO Coupon 5.500 7.130 Maturity Jan 15, 2021 Jan 15, 2018 Jan 15, 2024 6.04 6.29 96.745 What is the coupon rate for the Williams Co. bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate 0.33 %
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