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rimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par 10%. a. What is the
rimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par 10%. a. What is the yield to maturity at a current market price of 1. \$820? Round your answer to two decimal places. % 2. $1,153 ? Round your answer to two decimal places. % b. Would you pay $820 for each bond if you thought that a "fair" market interest rate for such bonds was 14%-that is, if =14% ? II. You would buy the bond as long as the yield to maturity at this pres is less that III. You would buy the bond as long as the yield to maturity at this price equals your required rate V. You would not buy the bond as long as the yield to maturity at this price is less than the coupon rate on the bond
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