(Answered) The 13-year 1000 per bonds of vail inc pay 13 percent

Engineering

The 13?-year $1,000 per bonds of Vail Inc. pay 13% percent interest. The? market's required yield to maturity on a? comparable-risk bond is 10 percent. The current market price for the bond is $1,080.

What should be the value of the Vail bonds given the yield to maturity on a comparable risk? bond? (Round to the nearest? cent.)

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