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 6.200 7.200 ?? % Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield 94.279 ?? ?? 6.18 94.815 7.00 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 (000s) 57,370 48,949 43,810
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 6.200 7.200 ?? % Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield 94.279 ?? ?? 6.18 94.815 7.00 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 (000s) 57,370 48,949 43,810
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
6.200
7.200
??
%
Maturity
January 15, 2042
January 15, 2036
January 15, 2038
Last Price Last Yield
94.279
??
??
94.815
6.18
7.00
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
(000s)
57,370
48,949
43,810](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8170295b-4658-4740-8611-b9dc4f3633dc%2Fbcdd4f6d-09cb-4227-8714-2a01eb9ce464%2Faor3xdl_processed.png&w=3840&q=75)
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
6.200
7.200
??
%
Maturity
January 15, 2042
January 15, 2036
January 15, 2038
Last Price Last Yield
94.279
??
??
94.815
6.18
7.00
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
(000s)
57,370
48,949
43,810
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