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Fingen ' s 1 7 - year, $ 1 , 0 0 0 par value bonds pay 1 4 percent interest annually. The market price

Fingen's 17-year, $1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is $900 and the market's required yield to maturity on a comparable-risk bond is 17 percent.
a.Compute the bond's yield to maturity.
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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