Question
Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has a face value of $2,000
Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2015.
Company ticker: IOU
Coupon: 8
Maturity: April 19, 2028
Last Price: 103.76
Last Yield????
EST Vol: 1,836
What is the yield to maturity of the bond?
What is the current yield?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
