Question: WolfeIsland Corp. has a 2 0 - year bond issue outstanding that pays a 1 6 . 0 0 % coupon. The bond is currently

WolfeIsland Corp. 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 ?

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