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Suppose the following price for an IOU Corporation bond appears in the financial section of today's newspaper. Assume that the bond has a face value
Suppose the following price for an IOU Corporation bond appears in the financial section of today's newspaper. Assume that the bond has a face value of $1,000 semi-annual coupon payment and that the current date is April 15, 2015. What is the yield to maturity of this bond (annual)? What is the current yield?
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