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) 7.000 7.280 ?? Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield 94.375 ?? (000s) ?? 57,378 6.34 48,957 94.895 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 %

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
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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.
Estimated
$ Volume
Company (Ticker)
Coupon
Xenon, Incorporated (XIC)
7.000
Maturity
January 15, 2041
Kenny Corporation (KCC)
Williams Company (WICO)
7.280
??
January 15, 2035
January 15, 2037
Last Price Last Yield
94.375
??
(000s)
??
57,378
6.34
48,957
94.895
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: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) 7.000 Maturity January 15, 2041 Kenny Corporation (KCC) Williams Company (WICO) 7.280 ?? January 15, 2035 January 15, 2037 Last Price Last Yield 94.375 ?? (000s) ?? 57,378 6.34 48,957 94.895 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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