You find the following corporate bond quotes. To calculate the number of years until maturity, assume tha 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) Yield to maturity Coupon 7.20 7.30 ?? % Maturity January 15, 2039 January 15, 2033 January 15, 2035 Last Price Last Yield 94.399 ?? 94.915 ?? 6.38 7.20 Estimated $ Volume (000s) 57,380 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 decim e.g., 32.16. 48,959 43,820
You find the following corporate bond quotes. To calculate the number of years until maturity, assume tha 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) Yield to maturity Coupon 7.20 7.30 ?? % Maturity January 15, 2039 January 15, 2033 January 15, 2035 Last Price Last Yield 94.399 ?? 94.915 ?? 6.38 7.20 Estimated $ Volume (000s) 57,380 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 decim e.g., 32.16. 48,959 43,820
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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)
Yield to maturity
Coupon
7.20
7.30
??
%
Maturity
January 15, 2039
January 15, 2033
January 15, 2035
Last Price Last Yield
??
6.38
7.20
94.399
??
94.915
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.
Estimated
$ Volume
(000s)
57,380
48,959
43,820
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