Question

You find the following corporate bond quotes. To calculate the number of years until maturity, assume...

You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons.
Company
(Ticker)
Coupon Maturity Last
Price
Last
Yield
EST $ Vol
(000’s)
  Xenon, Inc. (XIC) 5.900    Jan 15, 2028      94.233        ??        57,367      
  Kenny Corp. (KCC) 7.170    Jan 15, 2025      ??           6.12       48,946      
  Williams Co. (WICO) ??      Jan 15, 2031      96.785        6.37       43,807      

What is the coupon rate for the Williams Co. bond? (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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