# Urgent Finance Assignment

Urgent Finance Assignment Student Help 1. 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.

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Company (Ticker)
Coupon
Maturity
Last Price
Last Yield
EST \$ Vol (000’s)

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             %
2. 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 Mo/Yr
Bid
Chg

??
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

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