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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 , 2022. The
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 $2,000 and semiannual coupons. {:[" Estimated "$],[" Volume "]:} Company (Ticker) Coupon Maturity Last Price Last Yield (000 s) Xenon, Incorporated (XIC) 7.300 January 15, 2038 94.411 ?? 57,381 Kenny Corporation (KCC) 7.310 January 15, 2032 ?? 6.40 48,960 Williams Company (WICO) ?? January 15, 2034 94.925 7.22 43,821 a. What price would you expect to pay for the Kenny Corporation bond? Note: 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? Note: Do not round
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