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Suppose the following bond quote for lOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000,
Suppose the following bond quote for lOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 15, 2013 Company Ticker) IOU (IOU) Coupon 9.75 Maturity Apr 15, 2027 Last Price 86.352 Last Yield EST Vol (000s) 1,827 Requirement 1 What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Yield to maturity Requirement 2 What is the current yield? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16)) Current yield eBook & Resources
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