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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 11-year, $1,000 par value bonds pay 9 peroent interest annualy. The market price of the

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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 11-year, $1,000 par value bonds pay 9 peroent interest annualy. The market price of the bonds is $1,080 and tho market's required yieid to maturity on a comparable-tisk bond is 6 percent. a. Compute the bond's yield to maturity. b. Determine the value of the bond to you, given your roquired rate of return c. Should you purchase the bond? a. What is your yield to maturity on the Fingen borids given the market price of the bonds? % (Round to two decirnal places)

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