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as a 6% cou P6-21 Yield to maturity The Salem Company bond currently ells for $867.59, has a pon rate and a $1,000 par value,

as a 6% cou P6-21 Yield to maturity The Salem Company bond currently ells for $867.59, has a pon rate and a $1,000 par value, pays interest annually, and has 15 years to m a. Calculate the yield to maturity (YTM) on this bond. b. Explain the relationship that exists between the coupon rate and yield to matu rity and the par value and market value of a bond

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