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. (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.)
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 %