Suppose the following bond quotes for iou corporation


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, 2015.

Coupon-8.2

Maturity-Apr 19, 2028

Last Price- 104.86

Last Yield- ??

EST vol- 1,847

A) What is the yield to maturity of the bond?

B) What is the current yield?

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Financial Management: Suppose the following bond quotes for iou corporation
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