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Calculate the yield to maturity on bond for salem company

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Reference no: EM132745926

Problem 1: The Salem Company bond currently sells for RM 960, has a 10 percent coupon interest rate and a RM1,000 par value, pays interest annually, and has 12 years to maturity. Calculate the Yield to Maturity (YTM) on this bond.

Reference no: EM132745926

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