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 6.000 7.180 ?? Coupon rate Maturity January 15, 2040 January 15, 2034 January 15, 2036 Last Price Last Yield 94.255 ?? 94.795 77 6.14 6.96 Estimated s Volume (eees) 57,368 48,947 43,808 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. I %

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
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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 rate
Coupon
6.000
%
7.180
??
Maturity
January 15, 2040
January 15, 2034
January 15, 2036
Last Price Last Yield
94.255
??
94.795
??
6.14
6.96
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.
Estimated
$ Volume
(000s)
57,368
48,947
43,808
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 rate Coupon 6.000 % 7.180 ?? Maturity January 15, 2040 January 15, 2034 January 15, 2036 Last Price Last Yield 94.255 ?? 94.795 ?? 6.14 6.96 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. Estimated $ Volume (000s) 57,368 48,947 43,808
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