Question

236 points You find the following corporate bond quotes. To calculate the number of years until maturity, assume that is currently January 15, 2016. The bands have a par value of $2.000 ESTS Vol Company Ticken) Xenon, Inc. XIC) Kenny Corp KCC) Willams Co ( WICO) 7000 7200 Jan 15, 2038 Jan 15, 2006 Jan 15, 2042 04375 97 94.895 718 4 4331 What is the yield to maturity for the bond issued by Xenon, Inc. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places ... 32.16.) Yield to maturity

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Function Arguments RATE Nper 22 22 Pmt 2000*7% 140 -2000 94.375% Pv -1887.5 Fv 2000 2000 Турe 0 0.075311377 Returns the interest rate per period of a loan or an investment. For example, use 6%/4 for quarterly payments at 6% APR Type is a logical value: payment at the beginning of the period 1; payment at the end of the period 0 or omitted. Formula result 7.53% Help on this function Cancel ок

Hence, Yield to maturity is 7.53%

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