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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationohips) The 14-year, $1,000 par value...

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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationohips) The 14-year, $1,000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is $955, and the market's required yield to maturity on a comparable-risk bond is 8 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.) b. What should be the value of the Waco bonds given the markers required yield to maturity on a comparable-isk bond? (Round to the nearest cent) c. You purchase the Waco bonds at the current market price because they are curently (Solect from the drop-down menus)

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