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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 15-year, 51,000 par value bonds of Waco Industries pay 12 percent interest annually. The

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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 15-year, 51,000 par value bonds of Waco Industries pay 12 percent interest annually. The market price of the bond is $395, and the market's required yield to maturity on a comparable-risk bond is 15 percent a. Compute the band's yield to maturity b. Determine the value of the bond to you given the market's required yield to maturity on a comparable-riik bond. c. Should you purchase the bond

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