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Fingens 17-year 1000 par value bonds pay 14 percent

Fingen's 17?-year, ?$1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is ?$1,100 and the? market's required yield to maturity on a? comparable-risk bond is 11 percent.

a. Compute the? bond's yield to maturity.

b. Determine the value of the bond to? you, given your required rate of return.

c. Should you purchase the? bond?

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Finance Basics: Fingens 17-year 1000 par value bonds pay 14 percent

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Finance Basics: Fingens 17-year 1000 par value bonds pay 14 percent

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