Multiple Choice
Otto 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 semiannually. What is the yield to maturity?
A) 8.67%
B) 10.13%
C) 10.16%
D) 10.40%
E) 10.45%
Correct Answer:
Verified
Correct Answer:
Verified
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