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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 15 -year, $1,000 par value...

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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 15 -year, $1,000 par value bonds pay 13 percent interest annualy. The market price of the bonds is $1,080 and the market's requred yield to maturity on a comparable-fisk bond is 10 porcent. a. Compute the bond's yield to maturity? b. Detormine the value of the bond to you, given your required rate of refurn. c. Should you purchase the bond? a. What is your yield to inaturity on the Fingen bonds given the market price of the bonds? \% (Round to two decimal plases:)

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