Question
The Salem Company has a bond outstanding that currently sells for $955, has a 10 % coupon rate and a $1000 par value, pays interest
The Salem Company has a bond outstanding that currently sells for $955, has a 10 % coupon rate and a $1000 par value, pays interest annually, and has 12 years to maturity. What is the yield to maturity on this bond?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
