Adams Enterprises Has Bonds On The Market That Have 13 Years Left To Maturity Th

2. Adams Enterprises has bonds on the market that have 13 years left to maturity. These bonds sell for $1,045 and have an annual coupon. At this price the bonds yield 7.5%. What is the coupon rate on these bonds?They have a coupon rate at 7.5%, and pay semi-annual payments. It the yield to maturity is 8.75%, what is the current bond price?
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