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Business, 18.03.2020 21:28 deedy8095

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. Do not include a percent sign in your answer. (i. e. If your answer is 4.32%, then type 4.32 without a % sign)

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