Question
The Salem Company bond currently sells for $955, has a 12% coupon rate and a $1,000 par value, pays interest annually, And has 15 years
The Salem Company bond currently sells for $955, has a 12% coupon rate and a $1,000 par value, pays interest annually, And has 15 years to maturity.
a. Calculate the approximate yield to maturity on this bond through trial and error
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Renewable Energy Finance Powering The Future
Authors: Charles W. Donovan
1st Edition
178326778X, 9781783267781
