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 (NICO) Coupon 6.000 7.260 77 Maturity January 15, 2043 January 15, 2037 January 15, 2039 Last Price Last Yield 94.351 27 94.875 ?? 6.30 7.12 Estimated $ Volume (000s) 57,376 48,955 43,816 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.
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 (NICO) Coupon 6.000 7.260 77 Maturity January 15, 2043 January 15, 2037 January 15, 2039 Last Price Last Yield 94.351 27 94.875 ?? 6.30 7.12 Estimated $ Volume (000s) 57,376 48,955 43,816 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.
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,
2022. The bonds have a par value of $2,000 and semiannual coupons.
Company (Ticker)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (NICO)
Coupon rate
Coupon
6.800
7.260
??
%
Maturity
January 15, 2043
January 15, 2037
January 15, 2039
Last Price Last Yield.
??
94.351
??
6.30
94.875
7.12
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.
Estimated $
Volume
(000)
57,376
48,955
43,816
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