Find the yield to maturity of the bond

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Reference no: EM132007232

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)
Coupon Maturity Last
Price
Last
Yield
EST Vol
(000s)
IOU (IOU) 8.70 Apr 15, 2034 91.655 ?? 1,839

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.)

Yield to maturity

Reference no: EM132007232

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