Question

In: Finance

Suppose the following bond quote for IOU Corporation appears in the financial page of today’s newspaper....

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 $1,000 and the current date is April 15, 2015. Company (Ticker): IOU (IOU)

Coupon: 7.8 Maturity: Apr 15, 2031

Last Price: 103.66

Last Yield: ??

EST Vol (000s): 1,835

What is the yield to maturity of the bond?

YTM __%

What is the current yield?

Current yield ___ %

Solutions

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