E F G D H A B 1 P9-15 Nodified (see problem below for revisions) 2 3 4 5 6 7 The ten-year, $1,000 par value bonds of Vall, Inc. pay 7.0 percent annual coupon interest and makes interest payments semi-annually. The market's required yield to maturity on a comparable-risk bond is 6 percent. The current price for the bond is $1,025. a. Determine the Yield to Maturity. b. What is the value of the bond to you given the yield to maturity on a comparable-risk bond? c. Should you purchase the bond at the current market price? 8 a. Coupon rate Par (FV) Years (n) m PMT PV (price) Rate YTM 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 b. Coupon rate Par (FV) Years (n) m PMT PV (price) Rate YTM 30 c. 31 32 33 34 35 36