Problem 6-31 Bond Yields [LO 2] You find the following corporate bond quotes. To calculate...
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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, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Xenon, Inc. (XIC) 6.50 Kenny Corp. (KCC) 7.23 Williams Co. (WICO) ?? Maturity Jan 15, 2036 Jan 15, 2033 Jan 15, 2040 Last Price 94.315 ?? 94.845 Last Yield ?? 6.24 7.06 EST $ Vol (000's) 57,373 48,952 43,813 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.) Answer is complete but not entirely correct. Yield to maturity 6.84 %
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