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Compute the? bond yield to maturity

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Question - ?Fingen's 12?-year, ?$1,000 par value bonds pay 15 percent interest annually. The market price of the bonds is ?$1,110 and the? market's required yield to maturity on a? comparable-risk bond is 12 percent. Compute the? bond's yield to maturity. Determine the value of the bond to? you, given your required rate of return.

Reference no: EM132777581

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