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Ezzell Enterprises noncallable bonds currently sell for $890. They have a 13-year maturity, an annual coupon of $55, and a par value of $1,000. What
Ezzell Enterprises noncallable bonds currently sell for $890. They have a 13-year maturity, an annual coupon of $55, and a par value of $1,000. What is their yield to maturity?
A. | 7.15% | |
B. | 5.50% | |
C. | 6.18% | |
D. | 6.80% |
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