Problem 6-25 Using Bond Quotes [LO 2]

Suppose the following bond quote for IOU Corporation appears in the financial page of todays newspaper. Assume the bond has a face value of $1,000, and the current date is April 19, 2022.

Company (Ticker)	Coupon	Maturity	Last Price	Last Yield	Estimated Volume (000s)
IOU (IOU)	7.20	April 19, 2044	92.860	??	87

What is the yield to maturity of the bond?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

What is the current yield?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.