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Related to Checkpoint 92 and Checkpoint 9.3 ) (Bond valuation) Fingen's 13 -year, $1.000 par value bonds pay 11 percent interest annualiy The market price

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Related to Checkpoint 92 and Checkpoint 9.3 ) (Bond valuation) Fingen's 13 -year, $1.000 par value bonds pay 11 percent interest annualiy The market price of the bonds is. 51,060 and the markets required vield to maturity on a comparable-tisk bond is 12 percent a. Compute the bond's yield to maturity. b. Determine the value of the bond to you, given your required rate of returm c. Should you purchase the bond? a. What is yout yield to maturity on the Fingen bonds given the market price of the bonds? (Round to two decinal places)

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