47 You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Coupon 6.60 Maturity January 15, 2045 Kenny Corporation (KCC) 7.24 Williams Company (WICO) ?? January 15, 2039 January 15, 2041 Last Price Last Yield 94.327 ?? (000s) ?? 57,374 6.26 48,953 94.855 7.08 43,814 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity %
47 You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Estimated $ Volume Company (Ticker) Xenon, Incorporated (XIC) Coupon 6.60 Maturity January 15, 2045 Kenny Corporation (KCC) 7.24 Williams Company (WICO) ?? January 15, 2039 January 15, 2041 Last Price Last Yield 94.327 ?? (000s) ?? 57,374 6.26 48,953 94.855 7.08 43,814 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15 , 2022. The bonds have a par value of $2,000 and semiannual coupons. \table[[Company (Ticker),Coupon,Maturity,Last Price,Last Yield,\table[[Estimated],[$ Volume],[(000s)]]],[Xenon, Incorporated (XIC),6.60,January 15, 2045,94.327,??,57,374],[Kenny Corporation (KCC),7.24,January 15, 2039,??,6.26,48,953],[Williams Company (WIC0),??,January 15, 2041,94.855,7.08,43,814]] What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity
Transcribed Image Text:47
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15,
2022. The bonds have a par value of $2,000 and semiannual coupons.
Estimated
$ Volume
Company (Ticker)
Xenon, Incorporated (XIC)
Coupon
6.60
Maturity
January 15, 2045
Kenny Corporation (KCC)
7.24
Williams Company (WICO)
??
January 15, 2039
January 15, 2041
Last Price Last Yield
94.327
??
(000s)
??
57,374
6.26
48,953
94.855
7.08
43,814
What is the yield to maturity for the bond issued by Xenon, Incorporated?
Note: 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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