(Related to Checkpoint 9.2 and Checkpoint9.3)(Bond valuation)Fingen's 15

15-year, $1 comma 000

1,000 par value bonds pay 9

9 percent interest annually. The market price of the bonds is $1 comma 120

1,120 and themarket's required yield to maturity on acomparable-risk bond is 6

6 percent.

a.Compute thebond's yield to maturity.

b.Determine the value of the bond toyou, given your required rate of return.

c.Should you purchase thebond?

a.What is your yield to maturity on the Fingen bonds given the market price of thebonds?

nothing

% (Round to two decimalplaces.)

I need to figure out A through C