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Fingen's 1 6 - year, $ 1 , 0 0 0 par value bonds pay 1 4 percent interest annually. The market price of the
Fingen's year, $ par value bonds pay percent interest annually. The market price of the bonds is $ and the market's required yield to maturity on a comparablerisk bond is 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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