Company (ticker) coupon maturity last price last yield est $ vol (000’s) xenon, inc. (xic) 7.000 jan 15, 2039 94.343 ? ? 57,378 kenny corp. (kcc) 7.280 jan 15, 2038 ? ? 5.46 48,957 williams co. (wico) ? ? jan 15, 2045 94.895 7.16 43,818 a. what price would you expect to pay for the kenny corp. bond?

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.