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Adams Enterprises' bonds currently sell for $880. 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 $880. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
