Question
Problem 6-25 Using Bond Quotes [LO 2] Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume
Problem 6-25 Using Bond Quotes [LO 2] 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 $2,000, and the current date is April 19, 2022. Company (Ticker) IOU (IOU) Coupon 7.50 Maturity April 19, 2040 Estimated Last Price Last Yield Volume (000s) 92.962 77 99 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 2 decimal places, e.g.. 32.16. b. What is the current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Yield to maturity b. Current yield % %
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