Question: Item2 eBookCheck my workCheck My Work button is now enabledItem 2 Suppose the following bond quote for IOU Corporation appears in the financial page of
Item2 eBookCheck my workCheck My Work button is now enabledItem 2 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, 2022. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 7.0 April 15, 2035 104.267 ?? 1,841 What is the yield to maturity of the bond? What is the current yield? Note: For all requirements, do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16
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