The Salem Company bond currently sells for $762.95, has a coupon interest rate of 9% and...
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The Salem Company bond currently sells for $762.95, has a coupon interest rate of 9% and a $1000 par value, pays interest annually, and has 15 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 a. The yield to maturity on this bond is% (Round to three decimal places) The Salem Company bond currently sells for $762.95, has a coupon interest rate of 9% and a $1000 par value, pays interest annually, and has 15 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 a. The yield to maturity on this bond is% (Round to three decimal places)
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Answer rating: 100% (QA)
Question a Calcul ate the yield to maturity Y TM on this bond Answer Y TM 9 00 YTM Coupon Interest R... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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