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(Solved): Fingen's 15 -year, $1,000 par value bonds pay 12 percent interest annually. The market price of the ...



Fingen's 15 -year, $1,000 par value bonds pay 12 percent interest annually. The market price of the bonds is ​$850 and the​ market's required yield to maturity on a​ comparable-risk bond is 13 percent. a. Compute the​ bond's yield to maturity. b. Determine the value of the bond to​ you, given your required rate of return. c. Should you purchase the​ bond? Question content area bottom Part 1 a. What is your yield to maturity on the Fingen bonds given the market price of the​ bonds? enter your response here​% ​(Round to two decimal​ places.)



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