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 $VolumeCompany (Ticker)Xenon, Incorporated (XIC)Kenny Corporation (KCC)Coupon6.200MaturityJanuary 15, 20427.200January 15, 2036Last Price Last Yield94.279??(000s)??57,3706.1848,949Williams Company (WICO)??January 15, 203894.8157.0043,810a. 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.a. Priceb. Current yield%

> Given data:> Par value = 2000> yield = 6.18%

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 6.200 Kenny Corporation (KCC) 7.200 Williams Company (WICO) ?? Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield (000s) 94.279 ?? ?? 57,370 6.18 48,949 94.815 7.00 43,810 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. a. Price b. Current yield %

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 6.200 Kenny Corporation (KCC) 7.200 Williams Company (WICO) ?? Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield (000s) 94.279 ?? ?? 57,370 6.18 48,949 94.815 7.00 43,810 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. a. Price b. Current yield %

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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