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The 12 years $1000 par bonds of Vail Inc pay 13 percent interest. The market's required yield to matunty on a comparable-nsk bond is 10%.

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The 12 years $1000 par bonds of Vail Inc pay 13 percent interest. The market's required yield to matunty on a comparable-nsk bond is 10%. The current market price for the bond is $1,130. (a) What is should be the value of the Vail boods given the greld of matunty on a comparable nsk bond? should you purchase the bond at the current mavket prace

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