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Compute the? bond yield to maturity

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Reference no: EM132293153

Fingen's 17?-year, ?$1,000 par value bonds pay 13 percent interest annually. The market price of the bonds is ?$920and the? market's required yield to maturity on a?comparable-risk bond is 16 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?

Reference no: EM132293153

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