Compute the? bond yield to maturity

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The 15?-year, ?$1,000 par value bonds of Waco Industries pay 12 percent interest annually. The market price of the bond is ?$1,145?, and the? market's required yield to maturity on a? comparable-risk bond is 9 percent.

Compute the? bond's yield to maturity. (Round to two decimal? places.)

Determine the value of the bond to you given the? market's required yield to maturity on a? comparable-risk bond. ?(Round to the nearest? cent.)

Should you purchase the? bond?

Reference no: EM132611388

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