Compute the? bond yield to maturity

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?Fingen's 16?-year, ?$1,000 par value bonds pay 12 percent interest annually. The market price of the bonds is ?$880 and the? market's required yield to maturity on a? comparable-risk bond is 15 percent.

Problem 1: Compute the? bond's yield to maturity. (Round to two decimal? places.)

Problem 2: Determine the value of the bond to? you, given your required rate of return.

Problem 3: Should you purchase the? bond?

Reference no: EM132948982

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