Winston Enterprises has a 15-year bond issue outstanding that pays a 8% coupon. The bond is currently
Fantastic news! We've Found the answer you've been seeking!
Question:
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?
A. 8.67%
B. 9.3%
C. 10.16%
D. 9.70%
E: 9.0%
Expert Answer:
Posted Date:
