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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 Maturity Xenon, Inc. (XIC) 5.700 Jan 15, 2026 Kenny Corp. (KCC) 7150 Jan 15, 2025 Williams Co. ?? Jan 15, 2032 (WICO) Last Price 94.213 ?? Last Yield ?? 5.20 EST $ Vol (000's) 57,365 48,944 43,805 94.765 6.90 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.) a. Price b. Current yield %
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