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Adams Enterprises' noncallable bonds currently sell for $870. They have a 10-year maturity, an annual coupon of $70, and a par value of $1,000. What

Adams Enterprises' noncallable bonds currently sell for $870. They have a 10-year maturity, an annual coupon of $70, and a par value of $1,000. What is their yield to maturity?

a. 9.78%
b. 9.18%
c. 9.03%
d. 6.93%
e. 8.05%

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