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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, 2016.


[ Company (Ticker) = IOU (IOU) ]

[ Coupon = 8.0 ]

[ Maturity = Apr 15, 1929 ]

[ Last Price  = 103.762 ]

[ Last Yield = [ ?? ]

[ EST Vol (000s)  = 1,836 ] 

What is the yield to maturity of the bond? 



What is the current yield? 

Top Answer

a). To find the YTM, we need to put the following values in the financial calculator: N =... View the full answer

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