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The 11-year $1,000 par bonds of Vail Inc. pay 11% interest. The markets required yield to maturity on a comparable-risk bond is 8%. The current

The 11-year $1,000 par bonds of Vail Inc. pay 11% interest. The markets required yield to maturity on a comparable-risk bond is 8%. The current market price for the bond is $1,070. Determine the y...

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