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Minneapolis Health System has bonds outstanding that have four years remaining to maturity, a coupon interest rate of 9 percent paid annually, and a $1,000
Minneapolis Health System has bonds outstanding that have four years remaining to maturity, a coupon interest rate of 9 percent paid annually, and a $1,000 par value. a. What is the yield to maturity on the issue if the current market price is $829?b.If the current market price is $1,104?Would you be willing to buy one of these bonds for $829 c if you required a 12 percent rate of return on the issue? Explain your answer. Really need to understand rate of return on the issue. thank you
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