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Heymancompany bonds have 4 years left to maturity.interest is paid annually and the bonds have $1000 par value and the coupon rate of 9%. a.
Heymancompany bonds have 4 years left to maturity.interest is paid annually and the bonds have $1000 par value and the coupon rate of 9%.
a. what is the yield to maturity at a current price of(1) $829 and (2)$1104?
b.would you pay $829 for each bond if you thought a fair market interest rate for such bonds was 12%-that is if rd=12%? explain your answer.
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