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Fingen's 16-year, $1,000 par value bonds pay 11% interest annually. The market price of the bonds is $1,060 and the market's required yield to maturity

Fingen's 16-year, $1,000 par value bonds pay 11% interest annually. The market price of the bonds is $1,060 and the market's required yield to maturity on a comparable-risk bond is 12%

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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