Question: 5. value 1.00 points Problem 8-25 Using Bond Quotes Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper
5. value 1.00 points Problem 8-25 Using Bond Quotes 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 8.0 Maturity Apr 15, 2031 Last Price 104.76 Last Yield 22 EST Vol (000s) 1,846 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.) YTM % 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.) Current yield 96 References eBook & Resources Worksheet Dimculty: 2 Intermediate Problem 8-25 Using Bond Quotes Section: 8.1 Bonds and Bond Valuation
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