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Problem 6 - 2 5 Using Bond Quotes [ LO 2 ] Suppose the following bond quote for IOU Corporation appears in the financial page
Problem Using Bond Quotes LO
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 $ and the current date is April
a What is the yield to maturity of the bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the current yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Answer is complete but not entirely correct.
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