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
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.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | Estimated $ Volume (000s) |
|---|---|---|---|---|---|
| Xenon, Incorporated (XIC) | 6.300 | January 15, 2043 | 94.291 | ??question mark | 57,371 |
| Kenny Corporation (KCC) | 7.210 | January 15, 2037 | ??question mark | 6.20 | 48,950 |
| Williams Company (WICO) | ??question mark | January 15, 2039 | 94.825 | 7.02 | 43,811 |
What is the coupon rate for the Williams Company bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
