Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume

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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. What is the yield to maturity of the bond? What is the current yield?

Company (Ticker) IOU (IOU) Coupon 5.7 Maturity Apr 19, 2028 Last Price 108.96 Last Yield ?? EST Vol (000s)

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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