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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. |
Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST $ Vol (000s) |
Xenon, Inc. (XIC) | 5.400 | Jan 15, 2023 | 94.183 | ?? | 57,362 |
Kenny Corp. (KCC) | 7.125 | Jan 15, 2022 | ?? | 5.14 | 48,941 |
Williams Co. (WICO) | ?? | Jan 15, 2029 | 94.735 | 6.85 | 43,802 |
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 bonds current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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