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Adams Enterprises' noncallable bonds currently sell for $910. They have a 15 -year maturity, an annual coupon of $85, and a par value of $1,000.
Adams Enterprises' noncallable bonds currently sell for $910. They have a 15 -year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity? a. 10.63% b. 9.66% c. 9.70% d. 6.30% e. 9.34%
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