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Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $1,000,
Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2019.
a. What is the yield to maturity of the bond? (2 decimal places)
b. What is the current yield? (2 decimal places)
Please solve using FORMULA and NOT excel
Last Company (Ticker) IOU (IOU) Coupon 7.30 Maturity Apr 15, 2041 Last Price 92.894 Yield ?? EST Vol (000s) 91Step by Step Solution
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