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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 Xenon, Inc. (XIC) 6.70 Kenny Corp. (KCC) 7.25 Williams Co. (WICO) ?? Maturity Jan 15, 2038 Jan 15, 2035 Jan 15, 2042 Last Price 94.339 ?? 94.865 Last Yield ?? 6.28 7.10 EST $ Vol (000's) 57,375 48,954 43,815 What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity 6.98 % 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) 5.400 Jan 15, 2023 Kenny Corp. (KCC) 7.125 Jan 15, 2022 Williams Co. ?? Jan 15, 2029 (WICO) Last Price 94.183 ?? Last Yield ?? 5.14 EST $ Vol (000's) 57,362 48,941 43,802 94.735 6.85 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.) X Answer is complete but not entirely correct. a. Price $ 2,148.88 b. Current yield 107.44 % 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 Xenon, Inc. (XIC) 6.700 Kenny Corp. (KCC) 7.250 Williams Co. (WICO) ?? Maturity Jan 15, 2036 Jan 15, 2033 Jan 15, 2039 Last Price 94.313 ?? 96.865 Last Yield ?? 6.28 6.53 EST $ Vol (000's) 57,375 48,954 43,815 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 %
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