Need answer please Ezzell Enterprises' non-callable bonds currently sellfor $1,165. They have a 15-year maturity, an annualcoupon of $95, and a par value of $1,000. What istheir yield to maturity?a. 6.20%b. 6.53%c. 6.87%d. 7.24%e. 7.62%

YTM ≈ (C + ((F-P)/n)) / ((F+P)/2)Where:C = annual coupon payment = $95F = face value = $1,000P =…

Answered: Ezzell Enterprises' non-callable bonds…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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Ezzell Enterprises' non-callable 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%