Winston Enterprises has a 15-year bond issue outstanding that pays a 9 percent coupon. The bond is
Fantastic news! We've Found the answer you've been seeking!
Question:
Winston Enterprises has a 15-year bond issue outstanding that pays a 9 percent coupon. The bond is currently priced at $894.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield-to-maturity?Round to the nearest hundredth percent.
Posted Date: