What price would you expect to pay for the Kenny Corp. bond? What is the bond's current

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What price would you expect to pay for the Kenny Corp. bond? What is the bond's current yield?

To calculate the number of years until maturity, assume that it is currently January 15, 2016. All of the bonds have a $2,000 par value.

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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 30, 2016 09:33 AM

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What price would you expect to pay for the Kenny Corp. bond? What is the bond's current

Question:

EST $ Vol Company Ticker) Coupon Maturity Last PriceLast Yield (00o's) Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) 5.400 7.125 Jan 15, 2020 Jan 15, 2021 Jan 15, 2028 96.153 7? 94.735 6.02 6.85 57,362 48,941 43,802

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Yield to maturity Rate of return expected on a bond that held by someone until its maturity is known ...View the full answer

Essentials of Corporate Finance

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