Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have
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Question:
Harrimon Industries bonds have years left to maturity. Interest is paid annually, and the bonds have a $ par value and a coupon rate of
A What is the yield to maturity at a current market price of $ Round your answer to two decimal places.I You would buy the bond as long as the yield to maturity at this price equals your required rate of return.II You would not buy the bond as long as the yield to maturity at this price is greater than your required rate of return.III. You would not buy the bond as long as the yield to maturity at this price is less than the coupon rate on the bond.IV You would buy the bond as long as the yield to maturity at this price is greater than your required rate of return.V You would buy the bond as long as the yield to maturity at this price is less than your required rate of return.
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