(Answered) Fingens 19 year 1000 par value bonds pay 15 interest

Engineering

Fingen's 19 year, $1,000 PAR Value bonds pay 15% interest annually. The market price of the bonds is $860 and the markets yield to maturity on a comparable-risk bond is 19%. Compute the bond's yield to maturity. Determine the value of the bond to you, given the rate of return. Should you purchase the bond?

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