Urgent Finance Assignment
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 | Coupon | Maturity | Last | Last | EST $ Vol |
Xenon, Inc. (XIC) | 7.200 | Jan 15, 2038 | 94.363 | ?? | 57,380 |
Kenny Corp. (KCC) | 7.300 | Jan 15, 2037 | ?? | 5.50 | 48,959 |
Williams Co. (WICO) | ?? | Jan 15, 2044 | 94.915 | 7.20 | 43,820 |
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 %
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000.
Rate | Maturity | Bid | Asked | Chg | Ask |
?? | May 27 | 103.5475 | 103.5353 | +.3028 | 6.019 |
6.302 | May 32 | 104.4965 | 104.6422 | +.4305 | ?? |
6.168 | May 42 | ?? | ?? | +.5418 | 4.051 |
In the above table, find the Treasury bond that matures in May 2042. What is the asked price of this bond in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Asked price $
If the bid-ask spread for this bond is .0657, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Bid price $