You purchase a bond with an invoice price of $1,058. The bond has a coupon rate of 7.8 percent, and there are four months to the next semiannual coupon date.

What is the clean price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

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)

Coupon

Maturity

Last Price

Last Yield

EST Vol (000s)

IOU (IOU)

6.8

Apr 19, 2028

104.16

??

1,840

What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

YTM

%

What is the current yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Current yield

%