Compute the? bond yield to maturity

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Reference no: EM133116228

Fingen's 13?-year, ?$1,000 par value bonds pay 13 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 14 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?

Question content area bottom

Part 1

a. What is your yield to maturity on the Fingen bonds given the market price of the? bonds? enter your response here ?%

?(Round to two decimal? places.)

Reference no: EM133116228

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