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. Estimated $ Volume Company (Ticker) Coupon Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) 7.00 Maturity January 15, 2041 Last Price Last Yield (000s) 7.28 ?? January 15, 2035 January 15, 2037 94.375 ?? 94.895 ?? 57,378 6.34 48,957 7.16 43,818 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity %

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
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Problem 6-31 Bond Yields [LO 2]
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.
Estimated
$ Volume
Company (Ticker)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
7.00
Maturity
January 15, 2041
7.28
??
January 15, 2035
January 15, 2037
Last Price Last Yield
94.375
??
94.895
(000s)
??
6.34
57,378
48,957
7.16
43,818
What is the yield to maturity for the bond issued by Xenon, Incorporated?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.
Yield to maturity
%
Transcribed Image Text:Problem 6-31 Bond Yields [LO 2] 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. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 7.00 Maturity January 15, 2041 7.28 ?? January 15, 2035 January 15, 2037 Last Price Last Yield 94.375 ?? 94.895 (000s) ?? 6.34 57,378 48,957 7.16 43,818 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity %
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