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) Yield to maturity Coupon 6.90 7.27 ?? % Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield 94.363 ?? 6.32 ?? 94.885 7.14 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. Estimated $ Volume (000s) 57,377 48,956 43,817
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) Yield to maturity Coupon 6.90 7.27 ?? % Maturity January 15, 2042 January 15, 2036 January 15, 2038 Last Price Last Yield 94.363 ?? 6.32 ?? 94.885 7.14 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. Estimated $ Volume (000s) 57,377 48,956 43,817
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 (WICO)
Yield to maturity
Coupon
6.90
7.27
??
%
Maturity
January 15, 2042
January 15, 2036
January 15, 2038
Last Price Last Yield
94.363
??
??
6.32
94.885
7.14
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.
Estimated
$ Volume
(000s)
57,377
48,956
43,817
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