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Yyy Yield to maturity The Salem Company bond currently 7% and a S annually, and has 13 years to maturity a. Calculate the yield to

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Yield to maturity The Salem Company bond currently 7% and a S annually, and has 13 years to maturity a. Calculate the yield to maturity (YTM) on this bond b. Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond sells for $613.55, has a coupon interest rate of 000 par value, pays interest

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