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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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