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Question Help Yield to maturityThe Salem Company bond currently sells for $ 1 comma 151.74 1,151.74, has a coupon interest rate of 14 14% and
Question Help Yield to maturityThe Salem Company bond currently sells for $ 1 comma 151.74 1,151.74, has a coupon interest rate of 14 14% and a $ 1000 $1000 par value, pays interest annually, and has 14 14 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..
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