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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

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 and the current date is April 19, 2015. What is the yield to maturity of the bond? What is the current yield? (Show work/formulas)

Hypothetical

Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)

IOU 5.7 April 19, 20208 108.96 ?? 1827

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