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A 14-year $1000 par value Fingen bond pays 9 percent interest annually The market price of the bond is $1,100 and the market’s required yield to maturity on a comparable-risk bond is 10 percent

A 14-year, $1,000 par value Fingen bond pays 9 percent interest annually. The market price of the bond is $1,100 and the market’s required yield to maturity on a comparable-risk bond is 10 percent. a. Compute the bond’s yield to maturity. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond?

Apr 01 2020 View more View Less

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