Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Q.32.
Transcribed Image Text: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 and the current date is April 15, 2016. (Round the final answers to 2 decimal places.)
Company (Ticker) Coupon
IOU (IOU)
7.2
Maturity
Apr 15, 2026
What is the yield to maturity of the bond?
YTM
%
Last Price
1,089.6
What is the Equivalent Government Bond Yield?
Bond yield
%
Last Yield
PP
EST Spread
468
UST
10
EST Vol
(000s)
1,827
my work
4
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Why is the price $100, when the last price was $1,038.60?
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