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

Fingen's 15-year, $1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is $940 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? Question content area bottom Part 1 a. What is your yield to maturity on the Fingen bonds given the market price of the bonds?

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