20mg Posted November 20, 2017 Posted November 20, 2017 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 $1,000, makes semi-annual coupon payments, and the current date is October 31, 2017. Company Ticker Coupon Rate Maturity Last Price (% of par) Last Yield Est Vol (000s) IOU 7.1 October 31, 2035 104.21 ??? 2,321 What is the yield to maturity on the bond?
20mg Posted November 20, 2017 Author Posted November 20, 2017 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 $1,000, makes semi-annual coupon payments, and the current date is October 31, 2017. Company Ticker Coupon Rate Maturity Last Price (% of par) Last Yield Est Vol (000s) IOU 7.1 October 31, 2035 104.21 ??? 2,321 What is the current yield on the bond given in the quote (for IOU Corporation)?
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