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I know the current yield is: 6.16, I need help with the YTM Suppose the following bond quote for IOU Corporation appears in the financial
I know the current yield is: 6.16, I need help with the YTM
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, it makes semiannual interest payments, and the current date is April 15, 2019. EST Vol Last Yield (000s) Coupon Last Price Company (Ticker) IOU (IOU) Maturity Apr 15, 2035 6.4 103.96 ?? 1,838 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.) 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.) YTM Current yield %Step by Step Solution
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