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Suppose the following bond quote for IOU Corporation appears in the financial pages 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 pages of todays 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.) Company (Ticker) Coupon Maturity Last Price Last Yield Estimated volume (in $ thousands) IOU (IOU) 6.40 Apr 15, 2028 102.96 ?? 1,828 What is the YTM of the bond? YTM % What is the current
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
