You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
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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) 6.600 Maturity January 15, 2045 7 Kenny Corporation (KCC) 7.240 January 15, 2039 Last Price Last Yield 94.327 ?? (000s) ?? 57,374 6.26 48,953 Williams Company (WICO) ?? January 15, 2041 94.855 7.08 43,814 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. a. Price b. Current yield % 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) 6.600 Maturity January 15, 2045 7 Kenny Corporation (KCC) 7.240 January 15, 2039 Last Price Last Yield 94.327 ?? (000s) ?? 57,374 6.26 48,953 Williams Company (WICO) ?? January 15, 2041 94.855 7.08 43,814 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. a. Price b. Current yield %
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