(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 16-year, $1,000 par value bonds pay 13% interest annually. The market price of the bonds is $1,070 and the market's required yield to maturity on a comparable-risk bond is 14%

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? (Options-

should/should not. Overpriced/Underpriced

a. What is your yield to majority on the Fingen

bonds given the market price of the bonds?

__% (Round to two decimal places.)