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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 Xenon, Inc. (XIC) 5.700 Kenny Corp. (KCC) 7.150 Williams Co. ?? (WICO) Maturity Jan 15, 2026 Jan 15, 2025 Jan 15, 2032 Last Price 94.213 ?? 94.765 Last Yield . ?? 5.20 EST $ Vol (000's) 57,365 48,944 6.90 43,805 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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