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 $2,000 and semiannual coupons.Company (Ticker)Xenon, Incorporated (XIC)Kenny Corporation (KCC)Williams Company (WICO)a. Priceb. Current yieldCoupon6.7007.250??$MaturityJanuary 15, 2044January 15, 2038January 15, 20401,291.1911.23 %Last Price Last Yield94.339??94.865a. What price would you expect to pay for the Kenny Corporation bond?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.b. What is the bond's current yield?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.??6.287.10Estimated $Volume(000s)57,37548,95443,815

A bond is a kind of debt security issued by the government and private companies to the public for…

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) a. Price b. Current yield Coupon 6.700 7.250 ?? $ Maturity January 15, 2044 January 15, 2038 January 15, 2040 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 1,291.19 11.23 % Last Price Last Yield 94.339 ?? ?? 6.28 94.865 7.10 Estimated $ Volume (000s) 57,375 48,954 43,815

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) a. Price b. Current yield Coupon 6.700 7.250 ?? $ Maturity January 15, 2044 January 15, 2038 January 15, 2040 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 1,291.19 11.23 % Last Price Last Yield 94.339 ?? ?? 6.28 94.865 7.10 Estimated $ Volume (000s) 57,375 48,954 43,815

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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es 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) Coupon 6.30 Maturity January 15, 2043 Kenny Corporation (KCC) Williams Company (WICO) 7.21 ?? January 15, 2037 January 15, 2039 Last Price Last Yield 94.291 ?? (000s) ?? 57,371 6.20 48,950 94.825 7.02 43,811 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. Yield to maturity %
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ces 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 (ICO) Coupon 6.100 Coupon rate 7.190 ?? Maturity January 15, 2041 January 15, 2035 January 15, 2037 Last Price Last Yield 94.267 ?? ?? 6.16 94.805 6.98 Estimated $ Volume (000s) 57,369 48,948 43,009 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.