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The Salem Company bond currently sells for $936.37has a coupon interest rate of 11% and a $1000 par value, pays interest annually, and has18 years
The Salem Company bond currently sells for $936.37has a coupon interest rate of 11% and a $1000 par value, pays interest annually, and has18 years to maturity.
a. Calculate the yield to maturity (YTM) on this bond.
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
