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Fingen's 19-year, $, 000 par value bonds pay 8 percent interest annually. The market price of the bonds is $860 and the market's required yield

Fingen's 19-year, $, 000 par value bonds pay 8 percent interest annually. The market price of the bonds is $860 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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