Fingens 19-year 1000 par value bonds pay 9 percent interest, Financial Management

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Fingens 19-year 1000 par value bonds pay 9 percent interest

Fingen's 19-year, $1,000 par value bonds pay 9 percent interest annually. The market price of the bonds is $890 and the market's required yield to maturity on a comparable-risk bond is 12 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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Financial Management: Fingens 19-year 1000 par value bonds pay 9 percent interest

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Financial Management: Fingens 19-year 1000 par value bonds pay 9 percent interest

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