Question
Adams Enterprises noncallable bonds currently sell for $1,120. They have a 12-year maturity, an annual coupon of $85, and a par value of $1,000. What
Adams Enterprises noncallable bonds currently sell for $1,120. 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. 6.15%
c. 6.47%
d. 6.99%
e. 7.17%
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
