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Please show me the steps so i know how to do this. Thanks! Yield to Maturity and Required Returns The Brownstone Corporation's bonds have- 5

Please show me the steps so i know how to do this. Thanks!
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Yield to Maturity and Required Returns The Brownstone Corporation's bonds have- 5 vears remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. a. 1. What is the yield to maturity at a current market price of $828 ? Round your answer to two decirtal places. 2. What is the yield to maturity at a current market price of \$1,100? Round your answer to two decimal places. b. Would you bay $828 for one of these bonds if you thought that the appropriate rate of interest was 12 wil that is, If ra =125 ? Explain your answer. I. You would buy the bond as long as the vield to maturity at this grice equals your required rate of retum. II. You would buy the bond as long as the yiald to maturity at this price does not equal your required rate of return. III. You would buy the bond as long as the yield to maturity at this price is greater thain your repulired rate of return. IV. You would buy the bond as long as the yleld to maturity at this price is less than your required rate of retum

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