Question
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 Last Price Last Yield EST $ Vol (000s) Xenon, Inc. (XIC) 6.500 Jan 15, 2034 94.293 ?? 57,373 Kenny Corp. (KCC) 7.230 Jan 15, 2031 ?? 6.24 48,952 Williams Co. (WICO) ?? Jan 15, 2037 96.845 6.49 43,813 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.)
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) 6.500 Kenny Corp. (KCC) 7.230 Williams Co. (WICO) ?? Maturity Jan 15, 2034 Jan 15, 2031 Jan 15, 2037 Last Price 94.293 ?? 96.845 Last Yield ?? 6.24 6.49 EST $ Vol (000's) 57,373 48,952 43,813 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 %Step by Step Solution
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