Question
Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds...
Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%. What is the yield to maturity at a current market price of $822? Round your answer to two decimal places. % $1,214? Round your answer to two decimal places. %
Homework Answers
Answer #1
1)
Hence, Yield to maturity is 14.66%
2)
Hence, Yield to maturity is 5.69%
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