Question

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.)

Answer 1