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Adams Enterprises noncallable bonds currently sell for $ 1 , 1 8 0 . They have a 1 2 - year maturity, an annual coupon

Adams Enterprises noncallable bonds currently sell for $1,180. They have a 12-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
a.5.84%
b.6.32%
c.6.47%
d.6.99%
e.7.17%

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