E Course Home Do Homework. Do Homework... scientific calca. www.cor.pag. * Favorites FIN 311 Financial Management Winter 2020 Mushirah Colburn | 01/05/21 10:46 AM Homework: Chapter 6 SA Score: 0 of 3 pts 6 of 10 (3 complete) HW Score: 7.23% 3.4 of 47 p P6-21 (similar to) Question Help Yield to maturity The Salem Company bond currently sells for $889.44, has a coupon interest rate of 13% and a 51000 par value, pays interest annualy, and has 11 years to maturity a. Calculate the yield to maturity (YTM) on this bond. b. Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond. a. The yield to maturity on this bond is Il%(Round to three decimal places.)