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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 $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, 2013. |
Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) |
IOU (IOU) | 10.15 | Apr 15, 2029 | 91.605 | ?? | 1,834 |
Requirement 1: |
What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Yield to maturity | % |
Requirement 2: |
What is the current yield? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Current yield | % |
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