Question
The Saleemi Corporation's $1,000 bonds pay 99 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,095. a). What
The Saleemi Corporation's $1,000 bonds pay 99 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,095.
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 66 percent?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
