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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 $2,000 and the current date is April 19, 2015.
Coupon-8.2
Maturity-Apr 19, 2028
Last Price- 104.86
Last Yield- ??
EST vol- 1,847
A) What is the yield to maturity of the bond?
B) What is the current yield?
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