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The 7 - year $ 1 , 0 0 0 par bonds of Vail Inc. pay 1 1 percent interest. The market's required yield to
The year $ 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 $a Determine the yield to maturity. b What is the value of the bonds to you given the yield to maturity on a comparablerisk bond? c Should you purchase the bond at the current market price?
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