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Vertex bonds carry a 14% coupon interest rate. The bonds will mature in 9 years. (a) The current market price is $1,092,65. Calculate the bond's

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Vertex bonds carry a 14% coupon interest rate. The bonds will mature in 9 years. (a) The current market price is $1,092,65. Calculate the bond's expected rate of return (yield to maturity) (b) Investors like you require a return rate of 11.5%. Determine the value of the bond to you as an investo (c) Should you purchase the bond? Why? FVE NAT PMTE (a) PV= (a) /Y- (b) 1/Y (6) PVAL (C) YESINO Reason

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