Yield to maturity 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 (1) $865 and (2) $1,166? would you pay $865 for each bond if you thought that a "fair" market interest rate for such bonds was 12%—that is, if ? explain your answer.

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

How can a company salesperson with product development