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50 (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) The 11-year 51,000 par bonds of Vall Inc pay 11 percent interest The market's required

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50 (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) The 11-year 51,000 par bonds of Vall Inc pay 11 percent interest The market's required yield to maturity on a comparable-risk bond is 12 percent. The current market price for the bond is 5880. a. Determine the yield to maturity b. What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? c. Should you purchase the bond at the current market price? 51 52 53 a. What is your yield to maturity on the Vall bonds given the current market price of the bonds? 54 % (Round to two decimal places)

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