Compute the? bond yield to maturity

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Reference no: EM131790422

(BOND VALUATION)

?Fingen's 17?-year, ?$1,000 par value bonds pay 9 percent interest annually. The market price of the bonds is ?$1,070 and the? market's required yield to maturity on a? comparable-risk bond is 7 percent. (round to nearest cent or 2 decimal places)

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?

Reference no: EM131790422

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