Question
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 $1,000
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 $1,000 and the current date is April 15, 2012.
What is the yield to maturity of the bond? What is the current yield?
Company (Ticker) IOU (IOU)
Coupon 7.240
Maturity, April 15, 2021
Last Price 105.312
Last Yield ??
EST Vol (000s) 1,827
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Capital Market Finance
Authors: Patrice Poncet, Roland Portait, Igor Toder
1st Edition
3030845982, 978-3030845988
