18 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 $2,000, and the current date is April 15, 2019 Company (Ticker) IOU (IOU) Coupon 7.35 Maturity Apr 15, 2032 Last Price 92.911 Last Yield ?? EST Vol (000s) 93 8 01:07:58 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b.What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Yield to maturity b. Current yield % % 21 Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 14.5 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) 01:07:11 Interest rate %