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Suppose the following bond quote for IOU Corporation appears in the financial page of today's 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 today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2016.
Company (Ticker)CouponMaturityLast PriceLast YieldEST Vol (000s)IOU (IOU)8.2Apr 15, 2029104.863??1,847
What is the yield to maturity of the bond?
What is the current yield?
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