(Answered) Fingens1212-year 1000 par value bonds pay 9percent interest

Finance

Fingen's1212-year, $1,000 par value bonds pay 9percent interest annually. The market price of the bonds is $1,150 and the market's required yield to maturity on a comparable-risk bond is 6 percent.

(a) Compute the bond's yield to maturity

(b) Determine the value of the bond to you, given your required rate of return

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