Question
Suppose the following bond quote for IOU Corporation appears in the financial page of todays 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 todays newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2016.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) |
| IOU (IOU | 8.90 | Apr 15, 2033 | 91.645 | ?? | 1,838 |
What is the yield to maturity of the bond?
What is the current yield?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
