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(Related to Checkpoint 9.2 and Checlpoint 9.3) (Bond valuation relationships) The 19 yoar, $1,000 par...

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(Related to Checkpoint 9.2 and Checlpoint 9.3) (Bond valuation relationships) The 19 yoar, $1,000 par value bonds of Waco industres pay 11 percent interest annually. The market poice of the bond is $1,065, and the maker's tequited yreld to matunty on a comparable isk bond is 9 peicent. a. Compute the bonds yield to maturity b. Determine the value of the bond to you gven the matkers requared yield to malucty on a comparable-nisk bond c. Should you purchase the bond? a. What in your yeld to maturty on the Wace boeds given the cunens aarket poice of the bonds? (Resnd to two decimal places.)

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