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Can someone please help me? Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is $1,130 and

Can someone please help me?

Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is $1,130 and themarket's required yield to maturity on acomparable-risk bond is 8 percent.

a.Compute thebond's yield to maturity.

b.Determine the value of the bond toyou, given your required rate of return.

c.Should you purchase thebond?

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