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please solve this Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face
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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 $2,000 and the current date is April 19, 2015. Company (Ticker) JOU (IOU) Coupon 6.4 Maturity Apr 19, 2028 Last Price 102.96 Last Yield ?? EST Vol (000s) 1,828 What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) YTM What is the current yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Current yield %Step by Step Solution
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