What is the bonds current yield

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Reference no: EM131250896

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 for the Kenny Corp. bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

•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.)

Reference no: EM131250896

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