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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 Ticker) Last Yield Xenon, Inc. (XIC) Kenny Corp. (KCC) Williams Co Coupon 5.800 7.160 Maturity Jan 15, 2024 Jan 15, 2021 Jan 15, 2027 Last Price 94.223 EST $ Vol (000s) 57,366 48,945 43,806 6.10 96.775 What is the coupon rate for the Williams Co. bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate

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coupon maturity last price last yield 6.35 2 Williams Co. bond 3 par value 4 current year 5Ц time to maturity 6 coupon value for bond 7 coupon rate 202796.775 2016 118.67 5.93% 3 10

maturity 2027 last price 96.775 ast yield 6.35 coupon 2 Williams Co. bond 3, par value current year 5 time to maturity 6 coupon value for bond 7 coupon rate 2016 -C2-B4 PMT(E2/100,B5,-((D2/100) B3),B3) -B6/B3 10

to find the coupon rate for Williams Co. Bond , we first have to find the coupon value for the bond

coupon value has been calculated using PMT function in excel,

price of bond = (last price/100)*par value

coupon rate = coupon value/par value of bond

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