Question
In: Finance
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
| Company (Ticker) |
Coupon | Maturity | Last Price |
Last Yield |
EST $ Vol (000’s) |
| Xenon, Inc. (XIC) | 6.800 | Jan 15, 2034 | 94.323 | ?? | 57,376 |
| Kenny Corp. (KCC) | 7.260 | Jan 15, 2033 | ?? | 5.42 | 48,955 |
| Williams Co. (WICO) | ?? | Jan 15, 2040 | 94.875 | 7.12 | 43,816 |
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.)
Price
$
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.)
Current yield
%
Solutions
jeff jeffy answered 1 year agoRelated Solutions
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
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
Last
Price
Last
Yield
EST $ Vol
(000’s)
Xenon, Inc. (XIC)
6.300
Jan 15, 2032
94.273
??
57,371
Kenny Corp. (KCC)
7.210
Jan 15, 2031
??
5.32
48,950
Williams Co. (WICO)
??
Jan...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the
number of years until maturity, assume that it is currently January
15, 2016. The bonds have a par value of $2,000.
Company
(Ticker)
Coupon
Maturity
Last
Price
Last
Yield
EST $
Vol
(000’s)
Xenon, Inc.
(XIC)
6.200
Jan 15, 2030
94.279
??
57,370
Kenny Corp. (KCC)
7.200
Jan 15,
2027
??
6.18
48,949
Williams Co. (WICO)
??
Jan 15,
2034
94.815
7.00
43,810
What is the yield to maturity for...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the
number of years until maturity, assume that it is currently January
15, 2016. The bonds have a par value of $2,000.
Company
(Ticker)
Coupon
Maturity
Last
Price
Last
Yield
EST $
Vol
(000’s)
Xenon, Inc. (XIC)
5.600
Jan 15,
2022
94.203
??
57,364
Kenny Corp.
(KCC)
7.140
Jan 15,
2019
??
6.06
48,943
Williams Co.
(WICO)
??
Jan 15,
2025
96.755
6.31
43,804
What is the coupon rate for the...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
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
Last
Price
Last
Yield
EST $ Vol
(000’s)
Xenon, Inc. (XIC)
6.00
Jan 15, 2031
94.255
??
57,368
Kenny Corp. (KCC)
7.18
Jan 15, 2028
??
6.14
48,947
Williams Co. (WICO)
??
Jan...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the
number of years until maturity, assume that it is currently January
15, 2016. The bonds have a par value of $2,000.
Company
(Ticker)
Coupon
Maturity
Last
Price
Last
Yield
EST $ Vol
(000’s)
Xenon, Inc. (XIC)
6.900
Jan 15, 2035
94.333
??
57,377
Kenny Corp. (KCC)
7.270
Jan 15, 2034
??
5.44
48,956
Williams Co. (WICO)
??
Jan 15, 2041
94.885
7.14
43,817
What price would you expect to pay...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the
number of years until maturity, assume that it is currently January
15, 2016. The bonds have a par value of $2,000. Company (Ticker)
Coupon Maturity Last Price Last Yield EST $ Vol (000’s) Xenon, Inc.
(XIC) 6.600 Jan 15, 2032 94.303 ?? 57,374 Kenny Corp. (KCC) 7.240
Jan 15, 2029 ?? 6.26 48,953 Williams Co. (WICO) ?? Jan 15, 2035
96.855 6.51 43,814 What is the coupon rate for the...
You find the following corporate bond quotes. To calculate the number of years until maturity, assume...
You find the following corporate bond quotes. To calculate the
number of years until maturity, assume that it is currently January
15, 2016. The bonds have a par value of $2,000.
Xenon Inc. has Coupon: 5.400, Maturity: Jan. 15, 2020, Last
Price: 94.183, Last Yield: ??, EST $ Vol (000s) 57,362.
Kenny Corp. has Coupon: 7.125, Maturity: Jan. 15, 2019, Last
Price: ??, Last Yield: 5.14, EST $ Vol (000s) 48,941.
Williams Co. has Coupon: ??, Maturity: Jan. 15, 2026,...
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume...
You find the following Treasury bond quotes. To calculate the
number of years until maturity, assume that it is currently May
2019 and the bond has a par value of $1,000.
Rate
Maturity
Mo/Yr
Bid
Asked
Chg
Ask
Yld
??
May 26
103.5423
103.5301
+.3261
5.939
6.102
May 31
104.4913
104.6370
+.4257
??
6.148
May 41
??
??
+.5366
3.971
a.
In...
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume...
You find the following Treasury bond quotes. To calculate the
number of years until maturity, assume that it is currently May
2016. The bonds have a par value of $1,000.
Rate
Maturity
Mo/Yr
Bid
Asked
Chg
Ask
Yld
??
May
26
103.5488
103.6370
+.3041
2.369
5.324
May 31
104.4978
104.6435
+.4317
??
6.173
May 41
??
??
+.5431
4.071
In the above table, find the Treasury bond that matures in May
2026. What is the coupon rate for this bond?...
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume...
You find the
following Treasury bond quotes. To calculate the number of years
until maturity, assume that it is currently May 2019 and the bond
has a par value of $1,000.
Rate
Maturity
Mo/Yr
Bid
Asked
Chg
Ask
Yld
??
May 24
103.5540
103.5418
+.3093
6.119
5.524
May 29
104.5030
104.6487
+.4365
??
6.193
May 39
??
??
+.5483
4.151
a.
In...
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