Question
The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 8 years until maturity. You can purchase the bond for $905. a.What is
The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 8 years until maturity. You can purchase the bond for $905.
a.What is the yield to maturity on this bond?
b.Should you purchase the bond if the yield to maturity on a comparable-risk bond is 16 percent?
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Computational Finance And Its Applications
Authors: C. A. Brebbia, M. Costantino
1st Edition
1853127094, 978-1853127090
