Question
Wilkes Barre General Hospital has bonds outstanding that have 4 years remaining to maturity, a maturity, a coupon interest rate of 9% paid annually, and
Wilkes Barre General Hospital has bonds outstanding that have 4 years remaining to maturity, a maturity, a coupon interest rate of 9% paid annually, and a $1000 par value.
A- What is the Yield to Maturity (YTM) on the issue if the current market price is $829?
B- If the current market price is $1,104?
C- Would you be willing to buy one of these binds for $829 if you required a %12 rate of return? Explain your answers.
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
