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Fingen's 11 -year, $ 1,000 par value bonds pay 12 percent interest annually. The market price of the bonds is $ 1,110 and the market's

Fingen's 11-year, $1,000 par value bonds pay 12 percent interest annually. The market price of the bonds is $1,110 and the market's required yield to maturity on a comparable-risk bond is 9percent. 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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