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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
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.
Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) | ||||||||||||
IOU (IOU) | 6.2 | Apr 19, 2028 | 108.96 | ?? | 1,827 | ||||||||||||
What is the yield to maturity of the bond? (Round your answer to 2 decimal places. (e.g., 32.16))
What is the current yield? (Round your answer to 2 decimal places. (e.g., 32.16))
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