Question: Winston Enterprises has a 1 5 - year bond issue outstanding that pays a 9 % coupon. The bond is currently priced at $ 8

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?
Question options:
8.67%
10.13%
10.16%
10.40%
10.45%

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