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 $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, 2016.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) |
| IOU (IOU) | 8.30 | Apr 15, 2036 | 91.675 | ?? | 1,841 |
What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity % What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Current yield %
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Foundations Of Finance The Logic And Practice Of Finance Management
Authors: Arthur J. Keown, John H. Martin, David F. Scott, John Petty, J. William Petty
5th Edition
0132019299, 9780132019293
