value: 1.60 points You find the following corporate bond quotes. To calculate the number of...
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value: 1.60 points 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. LastEST S Vo (000's) 57.373 48,952 43,813 (Ticker) Coupon 6.500 7.230 Maturity Jan 15, 2031 Jan 15, 2030 Jan 15, 2037 Price 94.293 Yield Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) 5.36 7.06 94.845 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 bond's 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 References eBook & Resources Learning Objective: 06-02 Describe bond values and why they fluctuate. Difficulty: 2 Intermediate Section: 6.1 Bonds and Bond Valuation
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