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A bond with par value of $ 1 0 0 0 matures in 1 5 years and pays 8 % coupon interest annually. The market

A bond with par value of $1000 matures in 15 years and pays 8% coupon interest annually. The market price of the bonds is $1085 and your required rate of return is 10% per year.
a) Compute the yield to maturity from the bond
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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