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) Coupon Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) 7.00 Maturity January 15, 2041 Last Price Last Yield (000s) 7.28 ?? January 15, 2035 January 15, 2037 94.375 ?? 94.895 ?? 57,378 6.34 48,957 7.16 43,818 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: 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, 2022. The bonds have a par value of $2,000 and semiannual coupons. Estimated $ Volume Company (Ticker) Coupon Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) 7.00 Maturity January 15, 2041 Last Price Last Yield (000s) 7.28 ?? January 15, 2035 January 15, 2037 94.375 ?? 94.895 ?? 57,378 6.34 48,957 7.16 43,818 What is the yield to maturity for the bond issued by Xenon, Incorporated? Note: 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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![Problem 6-31 Bond Yields [LO 2]
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)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
7.00
Maturity
January 15, 2041
7.28
??
January 15, 2035
January 15, 2037
Last Price Last Yield
94.375
??
94.895
(000s)
??
6.34
57,378
48,957
7.16
43,818
What is the yield to maturity for the bond issued by Xenon, Incorporated?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.
Yield to maturity
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55866187-a2c3-48b2-ac09-c64de906dbb2%2F7114d00b-16ae-482c-b792-12f88e314604%2F8jzpklo9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 6-31 Bond Yields [LO 2]
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)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
7.00
Maturity
January 15, 2041
7.28
??
January 15, 2035
January 15, 2037
Last Price Last Yield
94.375
??
94.895
(000s)
??
6.34
57,378
48,957
7.16
43,818
What is the yield to maturity for the bond issued by Xenon, Incorporated?
Note: 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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