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Fingen's 18 -year, $1 comma 000 par value bonds pay 13 percent interest annually. The market price of the bonds is $1,070 and the market's

Fingen's 18 -year, $1 comma 000 par value bonds pay 13 percent interest annually. The market price of the bonds is $1,070 and the market's required yield to maturity on a comparable-risk bond is 11 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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