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
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) Last Last EST $ Vol Coupon Maturity Price Yield (000's) Xenon, Inc. (XIC) 6.20 Jan 15, 2033 94.279 ?? 57,370 Kenny Corp. (KCC) Williams Co. (WICO) 7.20 Jan 15, 2030 ?? 6.18 48,949 ?? Jan 15, 2037 94.815 7.00 43,810 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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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
978-0073405131, 9780073405131
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