You find the following corporate bond quotes
Question # 00441757
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Updated on: 12/12/2016 05:26 AM Due on: 12/12/2016
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 (000’s) |
| Xenon, Inc. (XIC) | 6.900 | Jan 15, 2037 | 94.363 | ?? | 57,377 |
| Kenny Corp. (KCC) | 7.270 | Jan 15, 2034 | ?? | 6.32 | 48,956 |
| Williams Co. (WICO) | ?? | Jan 15, 2041 | 94.885 | 7.14 | 43,817 |
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
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Rating:
/5
Solution: You find the following corporate bond quotes