Investment grade bonds or better


Garth wants to invest only in Investment grade bonds or better. His strategy is to hold the bond until maturity and he wants to earn a YTM of 8% or better. He is offered a bond with a coupon of 6% and 8 years to maturity at a price of $890.00. If he buys it will it meet his investment goals?

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Finance Basics: Investment grade bonds or better
Reference No:- TGS0877830

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