Evaluate the bond yield to maturity

Reference no: EM131974945

Question: Fingen's 15 year, $1,000 par value bonds pay 14% interest annually. The market price of the bonds is $940 and the markets required yield to maturity on a comparable risk bond is 17 percent.

A) Compute the bond's yield to maturity

B) Determine the Value of the bond to you, given your required rate of return.

Reference no: EM131974945

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