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(Theleled to Checkpoint 92 and Checknoint 2.3) (Bond vahation) Fingen's 13 year, 31,000 par value bonde pay 14 percent interest annually. The market price of

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(Theleled to Checkpoint 92 and Checknoint 2.3) (Bond vahation) Fingen's 13 year, 31,000 par value bonde pay 14 percent interest annually. The market price of the bonds is 51,070 and the markers mequired yield to maturty on a comparable-risk bond is 11 percent. a. Compule the bonds yield to maturity. b. Determino the valuo of the bend to you. gven your required rase of retum. c. Should you purchase the bond? a. What in your yiold to maturity on the Fingen bonds given the market price of the bonds? (Round to two decimal places.)

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