Please answer 1a, 1b, 1c, 2, 3a, 3b, 3c. Thank you!

1. (Bond valuation) Fingen's 11-year, $1,000 par value bonds pay 8 percent interest annually. The market price of the bonds is $1,140 and the market's required yield to maturity on a comparable-risk bond is 5 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? _________

2. (Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 12 percent interest annually. If you purchase the bonds for $1,275, what is your yield to maturity? _____

3. (Bond valuation) The 7 year $1,000 par bonds of Vail Inc. pay 11 percent interest. The market's required yield to maturity on a comparable-risk bond is 15 percent. The current market price for the bond is $880.

a. Determine the yield to maturity. ____________

b. What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? ______________

c. Should you purchase the bond at the current market price? _________________