Adams Enterprises' Noncallable Bonds Currently Sell for $1,120

question 92

Multiple Choice

Adams Enterprises' noncallable bonds currently sell for $1,120.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)5.84%
• B)6.15%
• C)6.47%
• D)6.81%
• E)7.17%

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