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Yield to maturity   The Salem Company bond currently sells for ​$1,120.30​,has a coupon interest rate of...

Yield to maturity   The Salem Company bond currently sells for

​$1,120.30​,has a coupon interest rate of 16​%and a $1000 par​ value,pays interest annually​,and has 17

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.

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jeff jeffy answered 4 months ago
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