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Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation)Fingen's 13-year, $1 comma 000 par value bonds pay 11 percent interest annually. The market price of the

Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation)Fingen's 13-year, $1 comma 000 par value bonds pay 11 percent interest annually. The market price of the bonds is $940 and the market's required yield to maturity on a comparable-risk bond is 10 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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