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) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 6.100 Maturity January 15, 2041 Last Price Last Yield (0005) 7.190 ?? January 15, 2035 January 15, 2037 94.267 ?? ?? 57,369 6.16 48,948 94.805 6.98 43,809 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 %

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
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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)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
6.100
Maturity
January 15, 2041
Last Price
Last Yield
(0005)
7.190
??
January 15, 2035
January 15, 2037
94.267
??
??
57,369
6.16
48,948
94.805
6.98
43,809
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) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 6.100 Maturity January 15, 2041 Last Price Last Yield (0005) 7.190 ?? January 15, 2035 January 15, 2037 94.267 ?? ?? 57,369 6.16 48,948 94.805 6.98 43,809 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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