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4. A 14 -year, $1,000 par value Linguea bond pays 9 percent interest annually. The market price of the bond is $1,100, and the market's

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4. A 14 -year, $1,000 par value Linguea bond pays 9 percent interest annually. The market price of the bond is $1,100, and the market's required yield to maturity on a comparable-risk bond is 10 percent. a. Determine the value of the bond to you, given your required rate of return. (4marks) b. Should you purchase the bond? ( 2 marks)

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