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Problem 5-24 Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has

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Problem 5-24 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 and the current date is April 15, 2016. EST Vol Company (Ticker) Coupon Maturity Last Price Yield (000s) Last Apr 15, 2029 104.661?? 7.8 IOU (IOU) 1,845 What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to2 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 [ %

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