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.

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.)

Answer 1

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