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) 7.100 Jan 15, 2037 94.353 ?? 57,379
Kenny Corp. (KCC) 7.290 Jan 15, 2036 ?? 5.48 48,958
Williams Co. (WICO) ?? Jan 15, 2043 94.905 7.18 43,819
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 $__________