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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the

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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 16-year, $1,000 par value bonds pay 11 percent interest annually. The market price of the bonds is $1,110 and the market's required yield to maturity on a comparable-risk bond is 8 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

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