What is the yield to maturity for Kempton Enterprises' bonds with a $1,000 face value and 10 years left until maturity, given their current price is $1,185 and they have an 11% annual coupon payment?

The yield to maturity (YTM) for Kempton Enterprises' bonds is not explicitly calculated in the provided evidence. However, it can be determined using the bond pricing formula or a financial calculator, given the bond's face value, coupon rate, current price, and years to maturity.

To calculate the yield to maturity for Kempton Enterprises' bonds, you would typically use the bond pricing formula or a financial calculator. The bond has a face value of $1,000, an annual coupon payment of 11% (which is $110), a current price of $1,185, and 10 years until maturity. By inputting these values into the appropriate formula or calculator, you can find the YTM. The evidence does not provide a direct calculation for this specific bond, but it illustrates the process for determining YTM using similar bonds.