Calculate the yield to maturity on this bond

Assignment Help Financial Management

Reference no: EM131597374

Yield to maturity The Salem Company bond currently sells for ?$1,086.92 has a coupon(rate)of 17% and a $1,000 par value, pays interest annually and has 12 years to maturity.

a. Calculate the yield to maturity (YTM) on this bond.

The number of years to? maturity, n?, is ____ years.

Reference no: EM131597374

Questions Cloud

Job titles within supply management : Give examples of at least three different job titles within supply management and explain how they contribute to the success of an organization.

Describe the meaning of a state of nature : Describe the meaning of a state of nature, and explain how this concept is used to provide expected measures of return and risk.

Zero-coupon bonds-what is current price of the bond : The bond has a maturity of 10 years and a yield to maturity of 10.06 percent, compounded semi-annually. What is the current price of the bond?

Contrast an aspect of employment relations in sac : Compare and contrast an aspect of employment relations in any two Southeast Asian countries(SAC). What are the causes of the differences between the two?

Calculate the yield to maturity on this bond : Calculate the yield to maturity (YTM) on this bond.

Impact organizational strategic planning : Imagine that you are the chief marketing officer for your health care organization.

Stock is expected to pay year-end dividend : A stock is expected to pay year-end dividend of $1.00, If company is in equilibrium and expected and required rate of return is 15%. What is stock price today?

Budget and for strategic planning purposes : Managers consider the organizational goals and mission statement when preparing a budget and for strategic planning purposes.

Establish long-term goals and objectives : I need to have assistance with compiling a report to total 1,050 total words however does not need to be exact on Apple, Inc address the following:

User Account

All Pages