Question
Winston enterprises has a 15 year bond issue outstanding that pays a 9% coupon. The bond is currently pried at $894.60 and has a par
Winston enterprises has a 15 year bond issue outstanding that pays a 9% coupon. The bond is currently pried at $894.60 and has a par value of $1000 interest is paid semiannually. What is the yield to maturity?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
