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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 bonds
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 (000s) Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Coupon 7.300 7.310 ?? 57,381 Maturity January 15, 2038 January 15, 2032 January 15, 2034 Last Price Last Yield 94.411 ?? ?? 6.40 48,960 Williams Company (WICO) 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 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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