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Suppose the following bond quote for IOU Corporation appears in the financial page o 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 o today's newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. Company (Ticker) JOU (IOU) Coupon 7.80 Maturity Apr 15, 2041 Last Price 93.064 Last Yield ?? EST Vol (000s) 111 a. What is the yield to maturity of the bond? (Do not round intermediate calculation: and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b.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.) a. % Yield to maturity Current yield b. 8.38%
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