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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)
Coupon Maturity Last
Price
Last
Yield
EST $ Vol
(000's)
Xenon, Inc. (XIC) 5.400 Jan 15, 2020 94.183 ?? 57,362
Kenny Corp. (KCC) 7.125 Jan 15, 2017 ?? 6.02 48,941
Williams Co. (WICO) ?? Jan 15, 2023 96.735 6.28 43,802

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 %

Financial Management, Finance

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