Question: ( i ) Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does

(i)
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not inc
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.
\table[[\table[[Company],[(Ticker)]],Coupon,Maturity,Last Price,Last Yield,EST volume],[IOU (IOU),5.8,April 19,2037,110.42,??,1,847]]
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.)
Answer is complete but not entirely correct.
\table[[a. YTM,5.96,%
 (i) Check my work mode : This shows what is correct

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