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. Semi Annual payments.

Company (Ticker) Coupon/ Maturity/ Last Price/ Last Yield/ EST $ Vol (000s)

Kenny Corp. (KCC): 7.210/ Jan 15, 2028/ ??/ 5.32/ 48,950

What price would you expect to pay for the Kenny Corp. bond? Price $ 2332.13

What is the bonds current yield? Current yield %????????? It is not 5.32 or 5.32/2