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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) | 7.00 | Apr 15, 2028 | 103.26 | ?? | 1,831 | ||||||||||||
What is the YTM of the bond?
YTM %
What is the current yield?
Current yield %
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