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 $$2,000$ and the current date is

April $19,2018.$

a$.$ What is the yield to maturity of the bond? $($Do not round intermediate calculations

and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the current yield? $($Do not round intermediate calculations and enter your

answer as a percent rounded to $2$ decimal places,$($e$.$g$.,32\mathrm{.}16.)$

Suppose the real rate is $3$ percent and the inflation rate is $4\mathrm{.}6$ percent.

What rate would you expect to see on a Treasury bill? $($Do not: round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$