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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 $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 15, 2019.
Company Ticker: IOU (IOU)
Coupon: 7.75
Maturity: April 15, 2040
Last Price: 93.047
Last Yield: ??
What is the yield to maturity of the bond?
What is the current yield?
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