Problemanna mays pizza co has a 15-year bond issue, Ask an Expert

Finance

Problem:

Anna May's Pizza Co. 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.

Question: What is the yield to maturity? Show all work and provide all computations.

A. 10.16%

B. 10.13

C. 10.45

D. 8.67

E. 10.40

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145805

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