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, it makes semiannual interest payments, and the current date is April 15, 2019.
Company (Ticker): IOU (IOU)
Coupon: 6.8
Maturity: Apr 15, 2035
Last Price: 104.16
Last Yield: ??
EST Vol (000s): 1,840
What is the yield to maturity of the bond?
What is the current yield?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
