Minneapolis Health System has bonds outstanding that have four years remaining to maturity,a coupon interest rate of
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Question:
Minneapolis Health System has bonds outstanding that have four years remaining to maturity,a coupon interest rate of 9 percent paid annually, and a $1,000 par value. a. what's the yield to maturity on the issue is the current market price is $829? B. If the current market price is $1104. c. would you be willing to buy one of these bonds for $829 if you required a 12% rate of return on the issue? Explain your answer.
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