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 (MICO) Coupon 6.100 7.190 ?? Coupon rate Haturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield ?? 94.267 ?? 94.805 6.16 6.98 Estimated $ Volume (000s) 57,369 48,948 43,509 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.
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 (MICO) Coupon 6.100 7.190 ?? Coupon rate Haturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield ?? 94.267 ?? 94.805 6.16 6.98 Estimated $ Volume (000s) 57,369 48,948 43,509 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.
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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![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) | Coupon | Maturity | Last Price | Last Yield | Estimated $ Volume (000s) |
|----------------------|--------|----------------|------------|------------|--------------------------|
| Xenon, Incorporated (XIC) | 6.100 | January 15, 2041 | 94.267 | 7.2 | 57,369 |
| Kenny Corporation (KCC) | 7.190 | January 15, 2035 | 97.000 | 6.16 | 48,946 |
| Williams Company (WICO) | ? | January 15, 2037 | 94.805 | 6.98 | 43,069 |
**Question:** 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., 3.216.
**Input box for answer:**
- Coupon rate [ ]%
There are no graphs or diagrams present in this image.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6432dfce-8649-42dd-95b4-a18a04ece3e7%2Feb2c5b65-b170-43be-9b87-a6826cf7e3b2%2Fdli4vn_processed.jpeg&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) | Coupon | Maturity | Last Price | Last Yield | Estimated $ Volume (000s) |
|----------------------|--------|----------------|------------|------------|--------------------------|
| Xenon, Incorporated (XIC) | 6.100 | January 15, 2041 | 94.267 | 7.2 | 57,369 |
| Kenny Corporation (KCC) | 7.190 | January 15, 2035 | 97.000 | 6.16 | 48,946 |
| Williams Company (WICO) | ? | January 15, 2037 | 94.805 | 6.98 | 43,069 |
**Question:** 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., 3.216.
**Input box for answer:**
- Coupon rate [ ]%
There are no graphs or diagrams present in this image.
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