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, 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.)

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