(Related to Checkpoint 9.2 and Checkpolint 9.3 ) (Bond valuation relationships) The 18year,$1,000 par value...
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(Related to Checkpoint 9.2 and Checkpolint 9.3 ) (Bond valuation relationships) The 18year,$1,000 par value bonds of Waco industries poy 9 percent interest annualy. The markot price of the bond is $935, and the markers required yield to maburity on a comparable-risk bond is 8 percent. a. Compute the borvds yield io maturity b. Delermine the vatue of the bond to you given the markefs required yield to maturty on a comparable-risk bond c. Should you purchase the bond? a. What is your yield to maturity on the Waco bonds given the curent market price of the bonds? 4. (Round to two decimal places)
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