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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 94.253 Company (Ticker) Coupon Xenon, Inc. (XIC) 6.100 Kenny Corp. (KCC) 7.190 Williams Co. ?? (WICO) Maturity Jan 15, 2030 Jan 15, 2029 Jan 15, 2036 Last Yield ?? 5.28 EST $ Vol (000's) 57,369 48,948 43,809 ?? 94.805 6.98 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.) a. Price b. Current yield
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