You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) Last Price 94.195 ?? 94.745 EST $ Vol (000's) 57,363 48,942 43,803 Last Coupon 5.50 7.13 ?? Maturity Jan 15, 2026 Jan 15, 2023 Jan 15, 2030 Yield ?? 6.04 6.86 What is the yield to maturity for the bond issued by Xenon, Inc.? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co. (WICO) Last Price 94.195 ?? 94.745 EST $ Vol (000's) 57,363 48,942 43,803 Last Coupon 5.50 7.13 ?? Maturity Jan 15, 2026 Jan 15, 2023 Jan 15, 2030 Yield ?? 6.04 6.86 What is the yield to maturity for the bond issued by Xenon, Inc.? (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
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Transcribed Image Text:You find the following corporate bond quotes. To calculate the number of years until
maturity, assume that it is currently January 15, 2019. The bonds have a par value of
$2,000 and semiannual coupons.
Last
Company
(Ticker)
Xenon, Inc. (XIC)
Kenny Corp. (KCC)
Williams Co. (WICO)
EST $ Vol
(000's)
57,363
48,942
43,803
Last
Coupon
5.50
Maturity
Jan 15, 2026
Jan 15, 2023
Jan 15, 2030
Price
Yield
??
6.04
6.86
94.195
??
7.13
??
94.745
What is the yield to maturity for the bond issued by Xenon, Inc.? (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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