What is the yield to maturity of bond

Assignment Help Financial Management

Reference no: EM131325069

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, 2015.

Company EST Vol

(Ticker) Coupon Maturity Last Price Last Yield (000s)

IOU(IOU) 6.6 Apr 15, 2031 103.06 ?? 1,829

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.)

YTM=

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.)

Current Yield=

Reference no: EM131325069

Questions Cloud

Explain the recording process and the accounting equation : In your own words, explain the recording process and the accounting equation to someone who has no accounting experience - Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.

Describe a real world example : Research and briefly describe a real world example about how acid rain affects plants. Be sure to demonstrate how pH contributes to the outcome, and proposed solutions (if any). Descriptions should be approximately 2 - 3 paragraphs.

Complete business continuity plan from materials produced : The Structured External Assignment for this class will be the compilation of a completed Business Continuity Plan from the materials produced through the block.

Calculate the additions to the work-in-process : Calculate the companys predetermined overhead application rate - Calculate the additions to the work-in-process inventory account for the direct material used, direct labor, and manufacturing overhead.

What is the yield to maturity of bond : 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, 2015. What is the yield to maturity of the bond? What is the current..

Spend more time on the interpretive elements of the image : In the paper you must spend more time on the interpretive elements of the image by defining the content or meaning of the work based on the visual evidence that supports your assumptions?

Human brain is the centre of memory : Which part of the human brain is the centre of memory, learning, thinking and reasoning?

List at least three major categories of cyber terrorism : List at least three major categories of cyber terrorism and / or information warfare. Among the chosen categories, determine the one that should be the top priority for the federal government to address.

Define the service level agreement : Your customer has asked you to define the Service Level Agreement - paper that defines the components required in the SLA .Service Level Agreement (SLA) and incident-management planning

User Account

All Pages