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 7.000 7.280 ?? Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield (000s) 94.375 ?? 94.895 ?? 57,378 6.34 48,957 7.16 43,818 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. Coupon rate C %

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter5: Bonds, Bond Valuation, And Interest Rates
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Problem 6-33 Coupon Rates [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
7.000
7.280
??
Maturity
January 15, 2041
January 15, 2035
January 15, 2037
Last Price Last Yield
(000s)
94.375
??
94.895
??
57,378
6.34
48,957
7.16
43,818
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.
Coupon rate
%
Transcribed Image Text:Problem 6-33 Coupon Rates [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 7.000 7.280 ?? Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield (000s) 94.375 ?? 94.895 ?? 57,378 6.34 48,957 7.16 43,818 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. Coupon rate %
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