Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond
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Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond
Company (Ticker) TOU (OU) Coupon 6.90 Maturity Apr 15, 2033 Last Price 92.758 Last Yield ?? EST Vol (000s) 75 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.)
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, 2019.