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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 and the
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019 and the bonds have a par value of $2,000. Last Price 94.363 Last Yield ?? Company (Ticker) Coupon Xenon, Inc. (XIC) 7.200 Kenny Corp. (KCC) 7.300 Williams Co. ?? (WICO) Maturity Jan 15, 2041 Jan 15, 2040 Jan 15, 2047 EST $ Vol (000's) 57,380 48,959 43,820 5.50 7.20 94.915 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.)
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