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) 7.34%
B) 9.66%
C) 8.60%
D) 9.95%
E) 11.21%
Correct Answer:
Verified
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