Bond Prices 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) 6.100 Jan 15, 2027 94.253 ?? 57,369
Kenny Corp. (KCC) 7.190 Jan 15, 2026 ?? 5.28 48,948
Williams Co. (WICO) ?? Jan 15, 2033 94.805 6.98 43,809
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 %