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Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has semiannual payments, a face value
| Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has semiannual payments, a face value of $2,000 and the current date is April 19, 2018. |
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) | ||||||||||||
| IOU (IOU) | 5.7 | Apr 19, 2034 | 108.96 | ?? | 1,827 | ||||||||||||
| 1.)What is the yield to maturity of the bond & what is the current yield? | |||||||||||||||||
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