You find the following corporate bond quotes. The bond was issued on January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Maturity Price Yield to Maturity Estimated $ Volume (000s) Xenon, Incorporated (XIC) 6.900 January 15, 2042 94.363 ?? 57,377 Kenny Corporation (KCC) 7.270 January 15, 2036 ?? 6.32 48,956 Williams Company (WICO) ?? January 15, 2038 94.885 7.14 43,817 What would be the price for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. What is the current yield of the Kenny Corporation 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. The bond was issued on January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Coupon Maturity Price Yield to Maturity Estimated $ Volume (000s) Xenon, Incorporated (XIC) 6.900 January 15, 2042 94.363 ?? 57,377 Kenny Corporation (KCC) 7.270 January 15, 2036 ?? 6.32 48,956 Williams Company (WICO) ?? January 15, 2038 94.885 7.14 43,817 What would be the price for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. What is the current yield of the Kenny Corporation bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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. The bond was issued on January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons.
| Company (Ticker) | Coupon | Maturity | Price | Yield to Maturity | Estimated $ Volume (000s) |
|---|---|---|---|---|---|
| Xenon, Incorporated (XIC) | 6.900 | January 15, 2042 | 94.363 | ?? | 57,377 |
| Kenny Corporation (KCC) | 7.270 | January 15, 2036 | ?? | 6.32 | 48,956 |
| Williams Company (WICO) | ?? | January 15, 2038 | 94.885 | 7.14 | 43,817 |
-
What would be the price for the Kenny Corporation bond?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
-
What is the current yield of the Kenny Corporation bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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