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What is the value of the bonds

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Question - The 11?-year, ?$1,000 par bonds of Vail Inc. pay 14 percent interest. The? market's required yield to maturity on a? comparable-risk bond is 17 percent. The current market price for the bond is $940. What is the value of the bonds to you given the yield to maturity on a? comparable-risk bond?

Reference no: EM132925128

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