Question: help Problem 6-32 Bond Prices [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it
Problem 6-32 Bond Prices [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Maturity Xenon, Inc. (XIC) 6.900 Jan 15, 2038 Kenny Corp. (KCC) 7.270 Jan 15, 2037 Williams Co. ?? (WICO) Jan 15, 2044 Last Price 94.333 ?? Last Yield ?? 5.44 EST $ Vol (000's) 57,377 48,956 43,817 94.885 7.14 a. 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.) b. 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.) a. Price b. Current yield %
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