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Adams Enterprises' Noncallable Bonds Currently Sell for $910

Question 58

Multiple Choice

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%

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