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Winston Enterprises has a 10-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $894.60 and has a par value
Winston Enterprises has a 10-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $894.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity? 10.28% 7.65% 5.37% 10.40% 10.75%
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