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Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $ and the current date is April
tabletableCompanyTickerCoupon,Maturity,Last Price,Last Yield,EST volumeIOU IOUApril
a What is the yield to maturity of the bond? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the current yield? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Answer is complete but not entirely correct.
tablea YTM
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