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.
Company (Ticker) (IOU), Coupon (7.6), Maturity ( Apr 19,2028), Last Price(104.56), Last Yield (??), EST Vol (000s) (1,844)
What is the yield to maturity of the bond? (Do not round intermediate calculations. 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. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Current yield %