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What is the yield to maturity of the bond

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Reference no: EM132473457

Problem: Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has semiannual payments, a face value of $2,000 and the current date is April 19, 2018.

Company

(Ticker): (IOU)(IOU)

Coupon: 5.7

Maturity: April 19, 2034

Last Price: 108.96

Last Yield: ??

EST Vol (000s): 1827

a. 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.)

b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132473457

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