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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, 2016.

Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU) 10.15 Apr 15, 2029 91.605 ?? 1,834

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 _____?

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