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. |
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) | 6.800 | Jan 15, 2037 | 94.323 | ?? | 57,376 |
Kenny Corp. (KCC) | 7.260 | Jan 15, 2036 | ?? | 5.42 | 48,955 |
Williams Co. (WICO) | ?? | Jan 15, 2043 | 94.875 | 7.12 | 43,816 |
a. |
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.) |
b. | 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.) |
Company (Ticker) |
Coupon | Maturity | Last Price |
Last Yield |
EST $ Vol (000’s) |
Xenon, Inc. (XIC) | 6.50 | Jan 15, 2036 | 94.315 | ?? | 57,373 |
Kenny Corp. (KCC) | 7.23 | Jan 15, 2033 | ?? | 6.24 | 48,952 |
Williams Co. (WICO) | ?? | Jan 15, 2040 | 94.845 | 7.06 | 43,813 |
What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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) | 6.600 | Jan 15, 2035 | 94.303 | ?? | 57,374 |
Kenny Corp. (KCC) | 7.240 | Jan 15, 2032 | ?? | 6.26 | 48,953 |
Williams Co. (WICO) | ?? | Jan 15, 2038 | 96.855 | 6.51 | 43,814 |
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.) |
1)
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