You wish to expand your bond portfolio and have the, Financial Management

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You wish to expand your bond portfolio and have the

You wish to expand your bond portfolio and have the following information regarding a possible bond investment: Par: $100 Maturity: 5 years Coupon: 12% per annum Yield to Maturity: 8% If the current market value of the bond is $121.60 would you buy the bond? Why or why not?

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