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Adams Enterprises' noncallable bonds have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. The current market yield is 4%

Adams Enterprises' noncallable bonds have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. The current market yield is 4% for similar bonds. What is the current price for Adams bonds? Hint: Solve for PV. $1,500.33 $1,000.00 $626.31 $1,503.92 $1,444.74

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