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(Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation)The 9-year $1 comma 000 par bonds of Vail Inc. pay 9 percent interest. The market's required yield

(Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation)The 9-year $1 comma 000 par bonds of Vail Inc. pay 9 percent interest. The market's required yield to maturity on a comparable-risk bond is 6 percent. The current market price for the bond is $ 1 comma 070. a.Determine the yield to maturity. b.What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? c.Should you purchase the bond at the current market price? a. What is your yield to maturity on the Vail bonds given the current market price of the bonds? nothing% (Round to two decimal places.)

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