Question
Adams Enterprises bonds currently sell for $1,120. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is
Adams Enterprises bonds currently sell for $1,120. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
5.84%
6.15%
6.47%
6.81%
7.17%
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