Question

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             %   

Answer 1

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SOLVED WITH BA II PLUS CALCULATOR