Question
winston enterprises has a 15-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $884.60 and has a par value
winston enterprises has a 15-year bond issue outstanding that pays a 9% coupon. The bond is currently priced at $884.60 and has a par value of $1000. Interest is paid semiannually. What is the yield to maturity? Please show work (not in Excel).
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R In Finance And Economics A Beginners Guide
Authors: Abhay Kumar Singh, David Edmund Allen
1st Edition
9813144467, 978-9813144460
