Yield to maturity-adams enterprises
Adams Enterprises' bonds currently sell for $970. They have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
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.Suppose that GM issues a bond with ten years until maturity, a face value of $1000, and a coupon rate of 7%(annual payments). The yield to maturity on this bond when it was issued was 6%.
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