Question: Question 4(2 points)Otto Enterprises has a 20-year bond issue outstanding that pays a 16.00% coupon. The bond is currently priced at $660.00 and has a

Question 4(2 points)Otto Enterprises has a 20-year bond issue outstanding that pays a 16.00% coupon. The bond is currently priced at $660.00 and has a par value of $1,000. Interest is paid quarterly. What is the yield to maturity? The yield to maturity is 24.40%. The yield to maturity is 16.00%. The yield to maturity is 25.35%. The yield to maturity is 24.35%.????????????Page 4 of 20

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