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(Related to Checkpoint 92 and Checkpoint 9.3) (Bond valuation) Fingen's 17 -year, $1,000 par value...

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(Related to Checkpoint 92 and Checkpoint 9.3) (Bond valuation) Fingen's 17 -year, $1,000 par value bonds pay 12 percent interest anncally, The market price of the bonds is $1,130 and the market's requited yield to maturity on a comparable-tisk bond is 9 percent a. Compute the bond's yield to maturity? b. Determine the value of the bond to you, given yout required rate of tetum c. Should you purchase the bond? a. What is your yield to maturity on the Fingen bonds gMen the maiket pace of the bonds? \% (Round to two decimal places)

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