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Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has a face value of $1,000

Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2016

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What is the Equivalent Government Bond Yield?

Company (Ticker) IOU (IOU) Coupon Maturity Apr 15, 2026 7.2 Last Price 108.96 Last Yield ?? EST Spread 468 UST 10 EST Vol (0005) 1,827

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