Question

adams enterprises noncallable bonds currently sell for $1030. they have a 15 year maturity, an annual coupon of $85, and par value of $1000. what is their yeild of maturity?

a) 9.53%
b) 8.15%
c) 8.88%
d) 8.55 %
e) 7.41%

Answer 1

9.53