Question
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000. Company (Ticker) Coupon Maturity Last Price Last Yield EST $ Vol (000s) Xenon, Inc. (XIC) 7.300 Jan 15, 2041 94.411 ?? 57,381 Kenny Corp. (KCC) 7.310 Jan 15, 2038 ?? 6.40 48,960 Williams Co. (WICO) ?? Jan 15, 2045 94.925 7.22 43,821 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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