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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 15, 2016.
| Company (Ticker) | Coupon | Maturity | Last Price | Last Yield | EST Vol (000s) | ||||||||||||
| IOU (IOU) | 7.8 | Apr 15, 2029 | 104.661 | ?? | 1,845 | ||||||||||||
| What is the yield to maturity of the bond? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| YTM | % |
| What is the current yield? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Current yield | % |
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