You 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) |
5.400 |
Jan 15, 2020 |
94.183 |
?? |
57,362 |
| Kenny Corp. (KCC) |
7.125 |
Jan 15, 2017 |
?? |
6.02 |
48,941 |
| Williams Co. (WICO) |
?? |
Jan 15, 2023 |
96.735 |
6.28 |
43,802 |
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.)
Coupon rate %