You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon. Incorporated (XIC) Kenny Corporation (KCC). Willians Company (WICO) Coupon 6.700 7.250 ?? a. Price b. Current yield Maturity January 15, 2044 January 15, 2038 January 15, 2040 7.22 % Estimated $ Last Price Last Yield Voluse (000s) 94.339 ?? ?? 6.28 94.865 7.10 a. What price would you expect to pay for the Kenny Corporation bond? Note: 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? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 57,375 40, 954 43,815
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon. Incorporated (XIC) Kenny Corporation (KCC). Willians Company (WICO) Coupon 6.700 7.250 ?? a. Price b. Current yield Maturity January 15, 2044 January 15, 2038 January 15, 2040 7.22 % Estimated $ Last Price Last Yield Voluse (000s) 94.339 ?? ?? 6.28 94.865 7.10 a. What price would you expect to pay for the Kenny Corporation bond? Note: 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? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 57,375 40, 954 43,815
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 16P
Related questions
Question
A 210.
Transcribed Image Text:You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15,
2022. The bonds have a par value of $2,000 and semiannual coupons.
Company (Ticker).
Xenon. Incorporated (XIC)
Kenny Corporation (KCC)
Willians Company (WICO)
Coupon
6.700
7.250
??
a. Price
b. Current yield
Maturity
January 15, 2044
January 15, 2038
January 15, 2040
7.22 %
Estimated $
Last Price Last Yield Volume (000)
94.339
??
??
6.28
94.865
7.10
a. What price would you expect to pay for the Kenny Corporation bond?
Note: 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?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
57,375
48.954
43,815
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