To calculate the number of years until maturity, assume that it is currently January 15, 2022. All of the bonds have a $2,00 and pay semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 5.400 4.125 ?? a. Price b. Current yield Maturity January 15, 2034. January 15, 2029 January 15, 2031 % Last Price Last Yield 92.685 ?? 3.84 ?? 104.310 4.12 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g Estimated $ Volume (000s) 57,362 48,941 43,802
To calculate the number of years until maturity, assume that it is currently January 15, 2022. All of the bonds have a $2,00 and pay semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 5.400 4.125 ?? a. Price b. Current yield Maturity January 15, 2034. January 15, 2029 January 15, 2031 % Last Price Last Yield 92.685 ?? 3.84 ?? 104.310 4.12 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g Estimated $ Volume (000s) 57,362 48,941 43,802
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
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Transcribed Image Text:To calculate the number of years until maturity, assume that it is currently January 15, 2022. All of the bonds have a $2,000 par value
and pay semiannual coupons.
Company (Ticker)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
5.400
4.125
??
a. Price
b. Current yield
Maturity
January 15, 2034
January 15, 2029
January 15, 2031
%
Last Price Last Yield
92.685
??
3.84
??
104.310
4.12
Estimated $
Volume
(000s)
57,362
a. What price would you expect to pay for the Kenny Corporation bond?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the bond's current yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
48,941
43,802
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