Winston Enterprises has a 15-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 semi-annually. What is the yield to maturity?
A) 8.67%
B) 10.13%
C) 10.16%
D) 10.40%
E) 10.45%

Question

Quizplus · Accepted Answer

The Answer of Winston Enterprises has a 15-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 semi-annually. What is the yield to maturity?
A) 8.67%
B) 10.13%
C) 10.16%
D) 10.40%
E) 10.45%

Winston Enterprises Has a 15-Year Bond Issue Outstanding That Pays