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. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon rate Coupon 7.100 7.290 ?? % Maturity January 15, 2040 January 15, 2034 January 15, 2036 Estimated $ Volume Last Price Last Yield (000s) 94.387 77 57,379 48,958 94.905 43,819 What is the coupon rate for the Williams Company bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. ?? 6.36 7.18

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...
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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.
Company (Ticker)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon rate
Coupon
7.100
7.290
77
%
Maturity
January 15, 2040
January 15, 2034
January 15, 2036
Last Price Last Yield
94.387
??
94.905
??
6.36
7.18
Estimated
$ Volume
(000s)
57,379
What is the coupon rate for the Williams Company bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
48,958
43,819
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, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon rate Coupon 7.100 7.290 77 % Maturity January 15, 2040 January 15, 2034 January 15, 2036 Last Price Last Yield 94.387 ?? 94.905 ?? 6.36 7.18 Estimated $ Volume (000s) 57,379 What is the coupon rate for the Williams Company bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 48,958 43,819
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