Home / Questions / You find the following corporate bond quotes To calculate the number of years until maturi...
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) | 7.000 | Jan 15, 2036 | 94.343 | ?? | 57,378 |
| Kenny Corp. (KCC) | 7.280 | Jan 15, 2035 | ?? | 5.46 | 48,957 |
| Williams Co. (WICO) | ?? | Jan 15, 2042 | 94.895 | 7.16 | 43,818 |
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 %
Apr 07 2020 View more View Less
An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would A. debit Cash,...
Nov 21 2019You are the new head of corporate security for a large Fortune 1000 company and are alarmed at the number of laptop computers your firm’s employees lose each month. What ...
Jul 15 2020Packages are thrown down an incline at A with a velocity of 4ft/s. The packages slide along the surface ABC to a conveyer beltwhich moves with a velocity of 8ft/s. Knowin...
Jun 04 2020f the demand for reserves did not fluctuate, the Fed could pursue both a nonborrowed reserves target and an interest-rate target at the same time.” Is this statement true...
Apr 02 2020A firm fraudulently overstated its December 31, 2009 and 2010 inventories by $4,000 and $7,000, respectively. What is the amount of 2009 and 2010 overstatements of cost o...
Jan 25 2020Briefly discuss the benefits and risks of derivatives Be sure to address why they are so useful for hedging purposes Additionally, be sure to address what it is about der...
Mar 22 2020Explain the steps you should take in planning the training program in improving the service delivery of your company.
May 12 2020Consider nodal configuration 2 of Table 4.2. Derive the finite-difference equations under steady-state conditions for the following situations. >(a) The horizontal bounda...
Jun 27 2020Which of the following statements is/are true? I. Standing plans are developed for activities that do not recur regularly over a period of time. II. A policy is a standin...
Nov 28 2017The transactions completed by AM Express Company during March 2014, the first month of the fiscal year, were as follows: Mar. 1. Issued Check No. 205 for March rent, $2,4...
Apr 09 2020