Compute the bond yield to maturity

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Problem - ?Fingen's 16?-year, ?$1,000 par value bonds pay 12 percent interest annually. The market price of the bonds is ?$880 and the? market's required yield to maturity on a? comparable-risk bond is 15 percent.

Compute the? bond's yield to maturity.

Determine the value of the bond to? you, given your required rate of return.

Should you purchase the? bond?

Reference no: EM133046796

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