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The 1 3 - year $ 1 comma 0 0 0 par bonds of Vail Inc. pay 1 2 percent interest. The market's required yield
The year $ comma par bonds of Vail Inc. pay percent interest. The market's required yield to maturity on a comparablerisk bond is percent. The current market price for the bond is $
aDetermine the yield to maturity.
bWhat is the value of the bonds to you given the yield to maturity on a comparablerisk bond?
cShould you purchase the bond at the current market price?
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