Question
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) =IOU (IOU)]
[Coupon= 7.0]
[Maturity= Apr 15, 1929]
[Last Price = 104.267]
[Last Yield= jQuery2240995408802298016_1574815560886]
[EST Vol (000s)=1,841]
What is the yield to maturity of the bond?
What is the current yield?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
