Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of

Question:

Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2012. What is the yield to maturity of the bond? What is the current yield?

Company (Ticker)
Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU) 7.240 Apr 15, 2021 105.312 ?? 1,827

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