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my answers are wrong i need help with a b and c please (Rolated to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 14 -year,
my answers are wrong i need help with a b and c please
(Rolated to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 14 -year, $1,000 par value bonds pay 15 percent intorest annually The market price of the bonds is $1,110 and the market's required yield to maturity on a comparable-risk bond is 12 percont. 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? a. What is your yield to maturity on the Fingen bonds given the market price of the bonds? \% (Round to two decimal places.) 2. What is your yieid to maturity on the Fingen boncs gien me maker price of the bonds? 5 Round to swo decimal piaces.) b. What should be the value of the Fingen boncs gien your required rate of tetum on a compartelebond? Round to fe nearast cent) eval purchase the Fingun bonds because they are cumenty Step by Step Solution
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