You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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) Last Last EST $ Vol Coupon Maturity Price Yield (000's) Xenon, Inc. (XIC) 6.20 Jan 15, 2033 94.279 ?? 57,370 Kenny Corp. (KCC) Williams Co. (WICO) 7.20 Jan 15, 2030 ?? 6.18 48,949 ?? Jan 15, 2037 94.815 7.00 43,810 What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity % 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) Last Last EST $ Vol Coupon Maturity Price Yield (000's) Xenon, Inc. (XIC) 6.20 Jan 15, 2033 94.279 ?? 57,370 Kenny Corp. (KCC) Williams Co. (WICO) 7.20 Jan 15, 2030 ?? 6.18 48,949 ?? Jan 15, 2037 94.815 7.00 43,810 What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity %
Expert Answer:
Answer rating: 100% (QA)
To calculate the yield to maturity YTM for the bond issued by Xenon Inc XIC we need to use the bonds ... View the full answer
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Posted Date:
Students also viewed these finance questions
-
What characteristic of niche sites makes the medium MOST appealing to marketers? a audience sizes larger than those of general social networking sites b audiences of people with similar interests c...
-
Dear Red: The Fictious Cattle Company, LLC has decided it would like to convert a portion of its cattle ranch into a subdivision. The subject property, 120 acres of rolling woodlands with a six-acre...
-
Two ball bearings from different manufacturers are being considered for a certain application. Bearing A has a catalog rating of 2.0 kN based on a catalog rating system of 3 000 hours at 500 rev/min....
-
The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $13,000, and that Gary and Prudence will share the remaining profits or losses in a...
-
On December 31, 2018, Alexander AG had 1,200,000 of short-term debt in the form of notes payable due February 2, 2019. On January 21, 2019, the company issued 25,000 ordinary shares for 36 per share,...
-
The agreement contained a liquidated damages clause that held, Should Employee voluntarily terminate or the Employer terminates his/her employment within one year of executing this Agreement,...
-
Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is as follows: An outside supplier has offered...
-
Explain how a company uses a database management system to manage data collection, manipulate data and realize benefits from usage of a database management system.?
-
Can someone explain how aldehydes steric hindrance and substituent location affect on isomer E:Z ratio and percent conversion in wittig reactions . How does ortho , para, meta position affect E or Z...
-
The main reason the cost of living varies across regions of the country is differences in the price of a. food. b. clothing. c. housing. d. medical care.
-
If a popular TV show on personal finance convinces Americans to save more for retirement, the ________ curve for loanable funds would shift, driving the equilibrium interest rate ________. a. supply;...
-
Which of the following is an example of an automatic stabilizer? When the economy goes into a recession, a. more people become eligible for unemployment insurance benefits. b. stock prices decline,...
-
Thomas Robert Malthus believed that population growth would a. put stress on the economys ability to produce food, dooming humans to remain in poverty. b. spread the capital stock too thinly across...
-
The ability of insurance to spread risk is limited by a. risk aversion and moral hazard. b. risk aversion and adverse selection. c. moral hazard and adverse selection. d. risk aversion only.
-
The following sets of statements contain common errors. Identify and explain each error: Demand increases, causing prices to rise. Higher prices cause demand to fall. Therefore, prices fall back to...
-
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
-
Riggins Trucking, Inc., has a current stock price of $41. For the past year, the company had net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of...
-
In 2006, a gold $3 coin minted in 1879 was auctioned for $9,000. For this to have been true, what was the annual increase in the value of the coin?
-
In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are $1,450,000, how many shares need to be sold now?
-
Nina Lopez and Matt ORourke have been trying to raise capital to expand their growing chain of cupcake shops, Treasure Cup. They make a full range of traditional cupcakes, but they found immediate...
-
Wish You Wood is a toy boutique located in the main shopping strip of a resort town near Piney Lake. People who own cabins near the lake or come to visit the local state park enjoy browsing through...
-
Alyssia Franklin is a marketing manager for Or Earth Skin Care. Four years ago, when she was hired to help with promotional campaigns, she was thrilled because she loved Or Earths products. Above all...
Study smarter with the SolutionInn App