Problem 7.09 – Harrimon Industries

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition, 10th Edition, and 11th Edition

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Difficulty – Medium

Given the years left to maturity, par value, coupon rate, and current market rates... find the yield to maturity, and if you would buy the bond if you thought that a “fair” market interest rate for such bonds.

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