Find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
Company
(Ticker) |
Coupon |
Maturity |
Last
Price |
Last
Yield |
EST $ Vol
(000's) |
| Xenon, Inc. (XIC) |
6.900 |
Jan 15, 2035 |
94.333 |
?? |
57,377 |
| Kenny Corp. (KCC) |
7.270 |
Jan 15, 2034 |
?? |
5.44 |
48,956 |
| Williams Co. (WICO) |
?? |
Jan 15, 2041 |
94.885 |
7.14 |
43,817 |
|
•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.)
•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.)