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You find the following corporate bond quotes. To calculate the number of vears until maturity, assume that it is currently January 15, 2016. The bonds
You find the following corporate bond quotes. To calculate the number of vears until maturity, assume that it is currently January 15, 2016. The bonds have a par value of 52.0 EST $ Vol 000's) 57,381 48,960 43,821 Coupon 7.300 7.310 Maturity Jan 15, 2039 Jan 15, 2036 Jan 15, 2042 Price 94.373 ?7 Yicld Xenon, Inc (XIC) Kenny Corp. (KCC) Williams Co (WICO) 6.40 6.65 96.925 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 References eBook & Resources Worksheet Learning Objective 06 02 Describe bond values and why they fluctuate
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