What is the yield to maturity of the bond what is the


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, 2012.

Ticker: IOU

Coupon: 8.0

Maturity: April 15th, 2028

Last price: 104.76

Last yield: ?

EST Vol (000s): 1,846

What is the yield to maturity of the bond?

What is the current yield?

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Financial Management: What is the yield to maturity of the bond what is the
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