Fingens 19-year exist1000 par value bonds pay 9 percent, Financial Management

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Fingens 19-year exist1000 par value bonds pay 9 percent

Fingen's 19-year exist1.000 par value bonds pay 9 percent interest annually. The market price of the bonds is exist890 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?

a. What is your yield to maturity on the Fingen bonds given the market price of the bonds?

% (Round to two decimal places.)

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Financial Management: Fingens 19-year exist1000 par value bonds pay 9 percent

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Financial Management: Fingens 19-year exist1000 par value bonds pay 9 percent

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