Question
(Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 13 years until maturity.You can purchase the bond for $1,065.
(Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 13 years until maturity.You can purchase the bond for $1,065.
a.What is the yield to maturity on this bond?
b.Should you purchase the bond if the yield to maturity on a comparable-risk bond is 13 percent?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
