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Success Corporation issued a 12-year bond that pays 9% annual coupon rate. The bond is currently selling for $1,050. a. Compute the bond's yield-to-maturity. b.

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Success Corporation issued a 12-year bond that pays 9% annual coupon rate. The bond is currently selling for $1,050. a. Compute the bond's yield-to-maturity. b. Estimate the value of the bond to you, if the required return to maturity on a comparable-risk bond is 7%. c. Recommend if you should purchase this bond. Paragraph BI SEP 2

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