Question
No Excel. Manual formulas. Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the
No Excel. Manual formulas.
Using Bond Quotes 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 coupon payments, and the current date is April 15, 2022. What is the yield to maturity of the bond? What is the current yield?
| Company (ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol |
| IOU (IOU) | 6.18 | April 15, 2031 | 96.412 | ?? | 1,827 |
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
