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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

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 19,2012. What is the yield to maturity of the bond? (Assume coupons are paid semiannually.)
(Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)
Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU)3.2 Apr 19,203081??1,845

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