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(Related to Checkpoint 92 and Checkpoint 9.3) (Bond valuation) The 10-year $1,000 par bonds of Vail ince pay 8 percent interest. The markeks required yieid

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(Related to Checkpoint 92 and Checkpoint 9.3) (Bond valuation) The 10-year $1,000 par bonds of Vail ince pay 8 percent interest. The markeks required yieid to matirfy on a comparable-risk bond is 9 percent. The curent market price for the bond is $850. 3. Determine the yleid to maturity b. What is the velue of tee bondo ts you given the yold to moturity on a comparatle risk bond? c. Should you purchase the bond at the current maket prise? a. What is your yidid to maturay on the Vail bonds given the current maket pecce of the bonds? (Rcund to two decinal plastes.) b. What should be the value of the Vail bends given the yelis to maturify on a comparabie risk bond? (Round to the nearest cent) c. Yau purchase the Vail bonds at the curtent market pice because Bey are curtenty (Select from the drop-down menus.)

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