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) | 6.00 | Jan 15, 2031 | 94.255 | ?? | 57,368 |
| Kenny Corp. (KCC) | 7.18 | Jan 15, 2028 | ?? | 6.14 | 48,947 |
| Williams Co. (WICO) | ?? | Jan 15, 2035 | 94.795 | 6.96 | 43,808 |
| 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.) |
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Financial Management An Introduction
Authors: Jim McMenamin
1st Edition
0415181623, 9780415181624
