Question
The Salem Company bond currently sells for Br. 955, has a 12% coupon interest rate and Br. 1,000 par value, pays interest annually, and has
The Salem Company bond currently sells for Br. 955, has a 12% coupon interest rate and Br. 1,000 par value, pays interest annually, and has 15 years to maturity. Calculate the yield to maturity on this bond.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
