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,...

60.1K

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, 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

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

Q

QUESTION 5        (25MARKS)You are in charge of the audit of “cash and bank” at...QUESTION...

Accounting
Q

Describe in your own words how any two types of the following types of chromatography work:...

Chemistry
Q

What does human relations mean to you in both personal and professional setting?

Psychology
Q

The most ancient branch point in animal phylogeny is that between having Oradial or bilateral...

Biology
Q

A cinder block of mass m 4 0 kg is hung from a nylon string...

Physics
Q

iv Two small dense stars rotate about their common centre of mass as a binary...

Physics
Q

Find the measure ZBCD in the following parallelogram A B X 2x mZBCD C 0...

Geometry
Q

Evaluate the following expression with a calculator.arccot (-3.5)Express your answer in degrees, and round to...

Basic Math
Q

You are the CFO. You know that capacity utilization is important. If long-term operating assets...

Accounting
Q

The controller of Sagehen Enterprises believes that the company should switch from the LIFO method...

Accounting
Q

ABB Ltd. manufactures two chemicals (X and Y) in a joint process. Data from a...

Accounting
Q

Problem: Module 7 Textbook Problem 7 Learning Objectives: - 7.6 Adjust the tox bosis in...

Accounting