You find the following corporate bond quotes. To calculate the number of years until maturity,...
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You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
Company (Ticker)
Coupon
Maturity
Last Price
Last Yield
EST $ Vol (000s)
Xenon, Inc. (XIC)
6.400
Jan 15, 2030
94.283
??
57,372
Kenny Corp. (KCC)
7.220
Jan 15, 2029
??
5.34
48,951
Williams Co. (WICO)
??
Jan 15, 2036
94.835
7.04
43,812
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.) Price $ 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.) Current yield
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