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, 2021. What is the yield to maturity of the bond? What is the current yield?
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Company (Ticker) Last EST Vol Coupon Maturity Last Price Yield (000s) IOU (IOU) 5.7 Apr 19, 2043 108.96 ?? 1,827
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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The yield to maturity (YTM) is the percentage rate of return for a bond assuming that the investor holds the asset until its maturity date. This video will give a complete tutorial on how to calculate Yield to Maturity on Microsoft Excel
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