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Suppose the following bond quote for IOU Corporation appears in the financial pages 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 pages of today's newspaper. Assume the bond has a face value of $1,000, paying semiannual coupon, and the current date is April 15, 2019. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
1. What is the YTM of the bond? 2. What is the current yield?
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