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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 $
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 $ and the current date is April
tableCompanyEstimatedTickerCoupon,Maturity,Last Price,Last Yield,Volume sIOU IOUApril
a What is the yield to maturity of the bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the current yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Yield to maturity,
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