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A Japanese company has a bond that sells for 103.813 percent of its 100,000 par value. The bond has a coupon rate of 6.5 percent

A Japanese company has a bond that sells for 103.813 percent of its 100,000 par value. The bond has a coupon rate of 6.5 percent paid annually and matures in 23 years. What is the yield to maturity of this bond?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $1,000, and the current date is April 19, 2022.

Company (Ticker) Coupon Maturity Last Price Last Yield Estimated Volume (000s)
IOU (IOU) 7.60 April 19, 2035 91.645 ?? 71

What is the yield to maturity of the bond?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

What is the current yield?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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