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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, 2019. The bonds
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Maturity Xenon, Inc. (XIC) 6.500 Jan 15, 2034 Kenny Corp. (KCC) 7.230 Jan 15, 2033 Williams Co. ?? Jan 15, 2040 (WICO) Last Price 94.293 ?? Last Yield ?? 5.36 EST $ Vol (000's) 57,373 48,952 43,813 94.845 7.06 a. What price would you expect to pay for the Kenny Corp. bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the bond's current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Price b. Current yield %
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