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the 9 -year $1, 000 par bonds of Vail Inc. pay 12 percent interest. Themarket's required yield to maturity on acomparable-risk bond is 8 percent.

the 9-year $1, 000 par bonds of Vail Inc. pay 12 percent interest. Themarket's required yield to maturity on acomparable-risk bond is 8 percent. The current market price for the bond is $ 1,130

a.Determine the yield to maturity.

b.What is the value of the bonds to you given the yield to maturity on acomparable-risk bond?

c.Should you purchase the bond at the current marketprice?

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