Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is $1,080 and the market's required yield to maturity on a comparable-risk bond is 8 percent.

A. What is your yield to maturity on the Fingen bonds given the market price of the bonds?

B. If the yield to maturity on a comparable risk bond is 8 percent, what should be the value of the Fingen bonds?

C. Should you purchase the bond?