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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 $2,000,
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 $2,000, and the current date is April 19, 2022. Company (Ticker) IOU (IOU) Maturity April 19, 2040 What is the yield to maturity of the bond? Coupon 7.65 Last Price 93.013 Last Yield ?? Estimated Volume (000s) 105
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