Suppose the following bond quote for IOU Corporation appears in the financial page of today%u2019s newspaper. Assume the bond has a face value of $1000 and
the current date is April 15 2010.
What is the yield to maturity of the bond? (Do not include the percent sign (%). Enter rounded answer as directed
but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).)
What is the current yield? (Do not include the percent sign (%). Enter rounded answer as directed but do not use
the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).)