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(5)|? http://ezto.mheducation.com/hm.tpx | | Search- h Text ) Final Ex arch T sider Usi Edit View Favorites Tools Help x Norton Q mheducation ca Amazon.com- Online Sho... Priceline.com o TripAdvisor on 8 (o You ind the following colstorate bond quotes To calculate the number of years until maturity, assume that it is currently January 15, 2016 The bonds have a par vallue of $2,000 LantEST SVvo Yield ll c000s 6 12 6.3743,807 (Ticker) CouponMatunthy 900an 15, 202594 233 Price Xenon, Inc XIC) Kenny Corp (KCC) Wllams Co (WICO 70 Jan 15 2022 Jan 15 2028 57,36 48 940 96 785 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 eBook & Resources onds and Bond Valuation O Type here to searchExplanation / Answer
N = 12, FV = 1000, rate = 6.37%, PV = -967.85
use PMT function in Excel and divide by 10
coupon rate = 5.98%
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