pls answer a-c. pls round to two decimals (Related to Checkpoint 9.2 and...
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pls answer a-c. pls round to two decimals
(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 16-year $1.000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is $1.145. and the market's required yield to maturity on a comparable-risk bond is 5 percent a. Compute the bond's yield to maturity. b. Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond. c. Should you purchase the bond? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 2 parts Clear All remaining Check
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