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The 9-year $1 comma 1000 par bonds of Vail Inc. pay 14 percent interest. The market's required yield to maturity on a comparable-risk bond is

The 9-year $1 comma 1000 par bonds of Vail Inc. pay 14 percent interest. The market's required yield to maturity on a comparable-risk bond is 10 percent. The current market price for the bond is $ 1110. a.Determine the yield to maturity. b.What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? c.Should you purchase the bond at the current market price?

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