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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) =IOU (IOU) ]
[ Coupon= 8.0 ]
[ Maturity= Apr 15, 1929 ]
[ Last Price = 103.762 ]
[ Last Yield= [ ?? ]
[ EST Vol (000s)=1,836 ]
What is the yield to maturity of the bond?
What is the current yield?
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