Finding the yield to maturity


Ezzell Enterprises' noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity?

a) 6.20%

b) 6.53%

c) 6.87%

d) 7.24%

e) 7.62%

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Accounting Basics: Finding the yield to maturity
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