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
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. Last Last Company (Ticker) EST $ Vol (000's) Coupon Price Yield Xenon, Inc. (XIC) 5.90 Maturity Jan 15, 2030 Jan 15, 2027 94.243 ?? 57,367 Kenny Corp. (KCC) 7.17 ?? 6.12 48,946 Williams Co. (WICO) ?? Jan 15, 2034 94.785 6.94 43,807 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
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Authors: Richard L. Daft
12th edition
978-1118582695, 1118582691, 9781118801277, 111880127X, 978-1285861982
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