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17-year, $1000 par value bonds pay 11 percent annually. The market price of the bonds is $890 and the market's required yield to maturity on

17-year, $1000 par value bonds pay 11 percent annually. The market price of the bonds is $890 and the market's required yield to maturity on a comparable-risk bon 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

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