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%

Question

Quizplus · Accepted Answer

The Answer of 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%

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