Suppose the following bond quotes for iou corporation, Ask an Expert

Finance

Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2015.

Coupon-8.2

Maturity-Apr 19, 2028

Last Price- 104.86

Last Yield- ??

EST vol- 1,847

A) What is the yield to maturity of the bond?

B) What is the current yield?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91606312

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