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Fingen's 15-year, $1,000 par value bonds pay 11 percent interest annually.The market price of the bonds is $880 and the market's required yield to maturity

Fingen's 15-year, $1,000 par value bonds pay 11 percent interest annually.The market price of the bonds is $880 and the market's required yield to maturity on a comparable-risk bond is 14 percent.

a.Compute thebond's yield to maturity.

b.Determine the value of the bond toyou, given your required rate of return.

c.Should you purchase thebond?

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