(Answered) Heyman company bonds have 4 years left to maturityinterest

Finance

Heyman company bonds have 4 years left to maturity.interest is paid annually and the bonds have $1000 par value and the coupon rate of 9%.

a. What is the yield to maturity at a current price of(1) $829 and (2)$1104?

b. Would you pay $829 for each bond if you thought a fair market interest rate for such bonds was 12%-that is if rd=12%? explain your answer.

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