Question
Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $2,000,
Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $2,000, and the current date is April 19, 2022.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | Estimated Volume (000s) |
|---|---|---|---|---|---|
| IOU (IOU) | 7.50 | April 19, 2040 | 92.962 | ?? | 99 |
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.
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.
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Inclusive And Sustainable Finance Leadership Ethics And Culture
Authors: Atul K. Shah
1st Edition
0367759403, 978-0367759407
