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, 2012.
Company (Ticker)CouponMaturityLast PriceLast YieldEST Vol (000s)IOU (IOU)8.0Apr 15, 2028104.76??1,846
What is the yield to maturity of the bond?(Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Solve for : YTM%
What is the current yield?(Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Solve for: Current yield%?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
