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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