Question
The Salem Company bond currently sells for $1,650.89, has a coupon interest rate of 13% and a $1,000 par value, pays interest annually, and has
The Salem Company bond currently sells for $1,650.89, has a coupon interest rate of 13% and a $1,000 par value, pays interest annually, and has 16 years to maturity. Calculate the yild to maturity on this bond (Round to three decimals)
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
