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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

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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 bonds have a par value of $2,000 and semiannual coupons. Estimated $ Last Yield Volume Company (Ticker) Xenon, Incorporated (XIC) Coupon 7.100 Maturity January 15, 2040 Last Price to Maturity (0005) Kenny Corporation (KCC) 7.290 January 15, 2034 94.387 ?? ?? 57,379 6.36 48,958 Williams Company (WICO) ?? January 15, 2036 94.905 7.18 43,819 a. What price would you expect to pay for the Kenny Corporation bond? Note: 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? Note: 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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