Determine the value of the bond to given the? market

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The 19?-year, ?$1,000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is ?$1.115?, and the? market's required yield to maturity on a? comparable-risk bond is 6 percent.

Question 1: Determine the value of the bond to you given the? market's required yield to maturity on a? comparable-risk bond.

Question 2: Should you purchase the? bond?

Reference no: EM132869478

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