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, 2016. The bonds have a par value of $2,000.

Company
(Ticker)
Coupon Maturity Last
Price
Last
Yield
EST $ Vol
(000’s)
Xenon, Inc. (XIC) 6.000 Jan 15, 2026 94.243 ?? 57,368
Kenny Corp. (KCC) 7.180 Jan 15, 2025 ?? 5.26 48,947
Williams Co. (WICO) ?? Jan 15, 2032 94.795 6.96 43,808

PLEASE SHOW STEPS

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.)

Price            $

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.)

Current yield             %   

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

SOLVED WITH BA II PLUS CALCULATOR

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