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 $2,000 and semiannual coupons.Company (Ticker)Xenon, Incorporated (XIC)Kenny Corporation (KCC)Williams Company (WICO)Coupon5.8007.160??a. Priceb. CurrentyieldMaturityJanuary 15, 2038January 15, 2032January 15, 2034X Answer is complete but not entirely correct.$ 2,249.62 X6.71 X %Last Price Last Yield94.231??94.775a. 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.??6.106.92Estimated $Volume(000s)57,36648,94543,806

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 5.800 7.160 ?? a. Price b. Current yield Maturity January 15, 2038 January 15, 2032 January 15, 2034 Answer is complete but not entirely correct. $ 2,249.62 X 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. 6.71 X % Last Price Last Yield 94.231 ?? ?? 6.10 94.775 6.92 Estimated $ Volume (000s) 57,366 48,945 43,806

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 5.800 7.160 ?? a. Price b. Current yield Maturity January 15, 2038 January 15, 2032 January 15, 2034 Answer is complete but not entirely correct. $ 2,249.62 X 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. 6.71 X % Last Price Last Yield 94.231 ?? ?? 6.10 94.775 6.92 Estimated $ Volume (000s) 57,366 48,945 43,806

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 13P

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Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual coupon (payable June 30 and December 31) on January 1, 2018, when the market rate of interest was 10%. Were the bonds issued at a discount or premium? Assuming the bonds sold at 92.288, what was the sales price of the bonds?
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons. Company(Ticker) Coupon Maturity LastPrice LastYield EST $ Vol(000’s) Xenon, Inc. (XIC) 6.600 Jan 15, 2035 94.303 ?? 57,374 Kenny Corp. (KCC) 7.240 Jan 15, 2034 ?? 5.38 48,953 Williams Co. (WICO) ?? Jan 15, 2041 94.855 7.08 43,814 a. What price would you expect to pay for the Kenny Corp. bond? (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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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 %
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) Kenny Corporation (KCC) 6.500 Williams Company (WICO) 7.230 ?? Maturity January 15, 2045 January 15, 2039 January 15, 2041 Last Price Last Yield 94.315 ?? (000s) ?? 57,373 6.24 48,952 94.845 7.06 43,813 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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To calculate the number of years until maturity, assume that it is currently January 15, 2022. All of the bonds have a $2,000 par value and pay semiannual coupons. Estimated $ Volume Company (Ticker). Coupon Xenon, Incorporated (XIC) 5.400 Maturity January 15, 2034 Kenny Corporation (KCC) 4.125 Williams Company (WICO) ??? January 15, 2029 January 15, 2031 Last Price 92.685 ?? Last Yield (000s) PP 57,362 3.84 48,941 104.310 4.12 43,802 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. a. Price b. Current yield %
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