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Fingen's 15 year, $1,000 par value bonds pay 14% interest annually. The market price of the bonds is $940 and the markets required yield to
Fingen's 15 year, $1,000 par value bonds pay 14% interest annually. The market price of the bonds is $940 and the markets 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.
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