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) Coupon Xenon, Incorporated (XIC) 7.300 Kenny Corporation (KCC) 7.310 Williams Company (WICO) ?? Maturity January 15, 2038 January 15, 2032 January 15, 2034 Last Price Last Yield 94.411 ?? (000s) ?? 57,381 6.40 48,960 94.925 7.22 43,821 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. Estimated $ Volume Company (Ticker) Coupon Xenon, Incorporated (XIC) 7.300 Kenny Corporation (KCC) 7.310 Williams Company (WICO) ?? Maturity January 15, 2038 January 15, 2032 January 15, 2034 Last Price Last Yield 94.411 ?? (000s) ?? 57,381 6.40 48,960 94.925 7.22 43,821 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.
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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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
7.300
7.310
??
Maturity
January 15, 2038
January 15, 2032
January 15, 2034
Last Price Last Yield
94.411
??
(000s)
??
57,381
6.40
48,960
94.925
7.22
43,821
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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