What is the yield to maturity

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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?

A. 8.67 percent

B. 10.13 percent

C. 10.16 percent

D. 10.40 percent

E. 10.45 percent

Reference no: EM133019994

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