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A Heath System has bonds outstanding that have four years left to maturity, a coupon rate of 9 percent annually, and $1000 par value. What
A Heath System has bonds outstanding that have four years left to maturity, a coupon rate of 9 percent annually, and $1000 par value. What is the yield to maturity on the issue if the current market price is $829 and $1,104? Would you be willing to buy one of those bonds for $829 if you required a 12 percent rate of return on the issue? Please explain
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