Question: Question 5 10 points Save Adams Enterprises' non-callable bonds currently sell for $910. They have a 15-year maturity, pay an annual coupon of $85, and
Question 5 10 points Save Adams Enterprises' non-callable bonds currently sell for $910. They have a 15-year maturity, pay an annual coupon of $85, and a par value of $1,000. What is their yield to maturity? (State as a percent, but do not include the percent sign and round to the second decimal place. Thus, 9.8765% would be written as 9.88 to be correct)
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