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5 ABCs 15 years. $1000 par value bonds pay 11%interest annually The market price of the bonds is $980, and the markets required yield to
5 ABCs 15 years. $1000 par value bonds pay 11%interest annually The market price of the bonds is $980, and the markets required yield to maturity on a comparable mk bond is 12% (3 Marks) a. Compute the bonds yield to maturity b. Determine the value of the bond to vou, elven vour require rate of return c. Should you purchase the bond? Justify your
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
