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. Spruce Sprocket Enterprises issued zero-coupon bonds several years ago. Each bond has a current market value of $388.63, and will mature in 16 years
. Spruce Sprocket Enterprises issued zero-coupon bonds several years ago. Each bond has a current market value of $388.63, and will mature in 16 years at a face (or par or maturity) value of $1,000. What is the yield to maturity of each of these bonds?
- A. 9.832%
- B. 16.082%
- C. 6.085%
- D. 24.289%
- E. 8.854%
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