Question
Fingen's 17-year, $1000 par value bonds pay 13 percent interest annually. The market price of the bonds is $860 and themarket's required yield to maturity
Fingen's 17-year, $1000 par value bonds pay 13 percent interest annually. The market price of the bonds is $860 and themarket'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?
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The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management
Authors: Rui Zhi Dong
1st Edition
B0B3NV2H9M, 979-8850611453
