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Adams Enterprises noncallable bonds currently sell for $1,220. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What
Adams Enterprises noncallable bonds currently sell for $1,220. 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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