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 5.900 7.170 ?? % Maturity January 15, 2039 January 15, 2033 January 15, 2035 Last Price Last Yield 94.243 ?? 6.12 ?? 94.785 6.94 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) 57,367 48,946 43,807
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 5.900 7.170 ?? % Maturity January 15, 2039 January 15, 2033 January 15, 2035 Last Price Last Yield 94.243 ?? 6.12 ?? 94.785 6.94 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) 57,367 48,946 43,807
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
5.900
7.170
??
%
Maturity
January 15, 2039
January 15, 2033
January 15, 2035
Last Price Last Yield
94.243
??
??
6.12
94.785
6.94
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)
57,367
48,946
43,807](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F47e232d1-c5f7-4dde-96ac-3baa577659dd%2Ff5966703-bf20-4296-8beb-12a8c03293a5%2F4pcmhwk_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)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon rate
Coupon
5.900
7.170
??
%
Maturity
January 15, 2039
January 15, 2033
January 15, 2035
Last Price Last Yield
94.243
??
??
6.12
94.785
6.94
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)
57,367
48,946
43,807
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