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Question(s) / Instruction(s):

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 19, 2012.


Company (Ticker)   Coupon   Maturity   Last Price   Last Yield   EST Vol (000s)  
  IOU (IOU)     6.4     Apr 19, 2028     103.96       ??     1,838  


What is the yield to maturity of the bond? (Round your answer to 2 decimal places. (e.g., 32.16))

What is the current yield? (Round your answer to 2 decimal places. (e.g., 32.16))

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