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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
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. 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 . You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. of the bonds have a par value of $1,000 and pay semiannual coupons. a. In the above table, find the Treasury bond that matures in May 2050. What is the asked price of this bond in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. If the bid-ask spread for this bond is .0588 , what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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