Question
Wine and Dine Co. has a 15-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $894.60 and has a
Wine and Dine Co. has a 15-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $894.60 and has a face value of $1,000. Interest is paid semiannually. What is the yield to maturity?
| A. | 10.40% | |
| B. | 11.11% | |
| C. | 10.16% | |
| D. | 5.20% | |
| E. | 10.13% |
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
