Question
Question: Suppose the following bond quote for IOU Corporation appears in the financial pages of todays newspaper. Assume the bond has a face value of
Question:
Suppose the following bond quote for IOU Corporation appears in the financial pages of todays newspaper. Assume the bond has a face value of $1,000, paying semiannual coupon, and the current date is April 15, 2016. What is the YTM of the bond? What is the current yield?
Please proper explain and do not copy from Chegg. Otherwise, I have to report the answer. (calculate in excel)
Company (ticker) Coupon IOU (IOU) 7.240 Maturity Apr 15, 2025 Last price 105.312 Last yield ? Estimated volume (in $ thousands) 1,827Step by Step Solution
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Cloud Mining
Authors: Patrick Ejeke
1st Edition
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