Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you find the following corporate bond quotes. to c

You find the following corporate bond quotes. To calculate the number of years until maturity,...

70.2K

Verified Solution

Question

Finance

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 Last Price Last Yield EST $ Vol (000s)
Xenon, Inc. (XIC) 5.60 Jan 15, 2027 94.207 ?? 57,364
Kenny Corp. (KCC) 7.14 Jan 15, 2024 ?? 6.06 48,943
Williams Co. (WICO) ?? Jan 15, 2031 94.755 6.88 43,804

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 & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

In transcription what is the open complex?

Biology
1.2K views

A is a description of your financial condition o specific date O net worth statement...

Biology
1.2K views

Photosystems are multi-protein complexes. Therefore, they show what level of organization?a) Primaryb) Secondaryc) Teritaryd) Quaternary

Biology
1.2K views

Between the years 1910 and 1920 the largest percentage of people relied on source of...

Calculus
1.2K views

m48 125 m49 61 m410 119 m411 125 m412 0 O O 4 64 d...

Accounting
1.2K views

I need help figuring oht the wrong answers Example: Gainer...

Accounting
1.2K views

Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2027. The...

Accounting
1.2K views

On January 1, Mitzu Company pays a lump-sum amount of $2,750,000 for land, Building 1,...

Accounting
1.2K views

Materials used by Square Yard Products Inc. in producing Division 3's product are currently purchased...

Accounting
1.2K views

A-Rod Manufacturing Company is trying to calculate its cost of capital for use in making...

Finance
1.2K views

QUESTION 11 Compared to stocks, mutual funds offer investors a relatively limited range of choices....

Finance
1.2K views

Measuring Investment Returns for Fontana Jamaica Limited 2022 1. Is there a typical project...