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The 1 3 year, $ 1 0 0 0 par value bonds of Waco Industries pay 9 % interest annually. The market price of the
The year, $ par value bonds of Waco Industries pay interest annually. The market price of the bond is $ and the market's required yield to maturity on a comparablerisk bond is
A compute the bond's yield to maturity.
B Determine the value of the bond to you given the market's required yield to maturity on a comparablerisk bond.
C Should you purchase the bond?
What is your yield to maturity on the Waco bonds given the current market price of the bonds? round to two decimal places
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