Compute the? bond yield to maturity

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Fingen's 12-year, $1,000 par value bonds pay 9 percent interest annually. The market price of the bonds is ?$1,050 and the? market's required yield to maturity on a? comparable-risk bond is 7 percent.

a. Compute the? bond's yield to maturity.

b. Determine the value of the bond to? you, given your required rate of return.

Reference no: EM132288852

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