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Winston Enterprises has a 15-year bond issue outstanding that pays a 8% coupon. The bond is currently priced at $896.00 and has a par value
Winston Enterprises has a 15-year bond issue outstanding that pays a 8% coupon. The bond is currently priced at $896.00 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?
8.67%
9.3%
10.16%
9.70%
9.0%
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