You find the following corporate bond quotes. To calculate the number of years until maturity,...
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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)
6.500
Jan 15, 2034
94.293
??
57,373
Kenny Corp. (KCC)
7.230
Jan 15, 2033
??
5.36
48,952
Williams Co. (WICO)
??
Jan 15, 2040
94.845
7.06
43,813
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 bonds current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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