
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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.
Company (Ticker)
Xenon, Incorporated (XIC)
Kenny Corporation (KCC)
Williams Company (WICO)
Coupon
6.700
7.250
22
Coupon rate
Maturity
January 15, 2044
January 15, 2038
January 15, 2040
Last Price Last Yield
94.339
22
94.865
22
6.28
7.10
Estimated s
Volume
(000s)
57,375
48,954
43,815
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.
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