(Answered) The 13 year 1000 par value bonds of waco industries pay 6

Engineering

The 13 year, $1,000 PAR Value bonds of Waco Industries pay 6% interest annually. The market price of the bond is $1,085, and the market's required yield to maturity on a comparable-risk bond is 4%. Compute the bond's yield to maturity. Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond. Should you purchase the bond?

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