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) |
|
Coupon |
|
Maturity |
|
Last Price |
|
Last Yield |
|
EST Vol (000s) |
|
| IOU (IOU) |
|
|
6.6 |
|
|
Apr 19, 2028 |
|
|
104.06 |
|
|
|
?? |
|
|
1,839 |
|
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