In: Finance
Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. |
Company (Ticker) |
Coupon | Maturity | Last Price |
Last Yield |
EST Vol (000s) |
IOU (IOU) | 7.60 | Apr 15, 2037 | 92.996 | ?? | 103 |
a. |
What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
|
b. | What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |