Question
the Salem Company bond currently sells for $775.39, has a coupon interest rate of 11% and a $1000 par value, pays interest annually, and has
the Salem Company bond currently sells for $775.39, has a coupon interest rate of 11% and a $1000 par value, pays interest annually, and has 11 years to maturity. a. Calculate the yield to maturity (YTM) on this bond.
The yield to maturity on this bond is %?
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The Business Of Finance
Authors: Withers Hartley 1867 1950
1st Edition
1313069299, 9781313069298
