Fingen's $16$

$-$year,

$$$$1$ comma $000$

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?