Suppose the following bond quotes for IOU Corporation appear in the financial page

of today's newspaper. Assume the bond has a face value of $$1,000,$ compounded

semi$-$annually, and the current date is April $15,2022.$

What is the equivalent Government Bond Yield?

Hint, calculate first the Yield to Maturity of IOU bond.

$1\mathrm{.}32\%$

$3\%$

$6\%$

$2\mathrm{.}57\%$

$6\mathrm{.}39\%$