Compute the? bond yield to maturity

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?Fingen's 17?-year, ?$1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is ?$1,120 and the? market's required yield to maturity on a comparable-risk bond is 8 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: EM132390791

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