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Please show all work. Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a
Please show all work.
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, 2016. Company (Ticker) IOU (100) Coupon 9.85 Maturity Apr 15, 2023 Last Price 91.545 Last Yield ?? EST VOI (2005) 1,828 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.) Yield to maturity 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.) 96 Current yieldStep by Step Solution
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