Question: Problem 6-25 Using Bond Quotes [LO 2] Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume

Problem 6-25 Using Bond Quotes [LO 2] Suppose the following bond quote

Problem 6-25 Using Bond Quotes [LO 2] 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, 2019. Company Last Last EST Vol (Ticker) Coupon IOU (IOU) 7.20 Maturity Apr 15, 2039 Price Yield (000s) 92.860 ?? 87 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.) Yield to maturity b Current yield % %

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