### Non callable bonds-what is their yield to maturity

Assignment Help Financial Management
##### Reference no: EM13921222

Ezzell Enterprises' non callable bonds currently sell for \$1,165. They have a 15-year maturity, an annual coupon of \$105, and a par value of \$1,000. What is their yield to maturity? EXPLAIN YOUR ANSWER AND SHOW YOUR WORK.

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