Question
You find the following corporate bond quotes. To calculate the number of ye maturity, assume that it is currently January 15, 2019. The bonds
You find the following corporate bond quotes. To calculate the number of ye maturity, assume that it is currently January 15, 2019. The bonds have a par $2,000 and semiannual coupons. Company Last Last (Ticker) Coupon Maturity Price Yield Xenon, Inc. (XIC) 7.200 Jan 15, 2041 94.363 ?? Kenny Corp. (KCC) 7.300 Jan 15, 2038 ?? 6.38 Williams Co. (WICO) ?? Jan 15, 2044 96.915 6.63 What is the coupon rate for the Williams Co. bond? (Do not round calculations and enter your answer as a percent rounded to 2 decimal 32.16.) Coupon rate 6.28 %
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Get StartedRecommended Textbook for
Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
978-0073405131, 9780073405131
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