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Adams Enterprises' noncallable bonds currently sell for $1,280. They have a 15-year maturity, annual coupon rate of 10.85 %, and a par value of $1,000.

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Adams Enterprises' noncallable bonds currently sell for $1,280. They have a 15-year maturity, annual coupon rate of 10.85 %, and a par value of $1,000. The bonds pay coupons semi-annually. What is their yield to maturity? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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