Question: CLD 4 Problem 6-31 Bond Yields [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that

CLD 4 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.

Company (Ticker) Coupon Maturity Last Price Last Yield Estimated $ Volume (000s)
Xenon, Incorporated (XIC) 6.70 January 15, 2044 94.339 ?? 57,375
Kenny Corporation (KCC) 7.25 January 15, 2038 ?? 6.28 48,954
Williams Company (WICO) ?? January 15, 2040 94.865 7.10 43,815

What is the yield to maturity for the bond issued by Xenon, Incorporated?

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