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Adams Enterprises' noncallable bonds currently sell for $840. They have a 25-year maturity, an annual coupon of $80, and a par value of $1,000. What

Adams Enterprises' noncallable bonds currently sell for $840. They have a 25-year maturity, an annual coupon of $80, and a par value of $1,000. What is their yield to maturity?

a. 10.72%

b. 9.75%

c. 5.22%

d. 9.52%

e. 9.73%

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