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Fingen's 15?-year, ?$1,000 par value bonds pay 12 percentinterest annually. The market price of the bonds is ?$1,100 andthe? market's required yield to maturity on a? comparable-risk bondis 9 percent.a.??Compute the? bond's yield to maturity.b.??Determine the value of the bond to? you, given your requiredrate of return.c.??Should you purchase the? bond?
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