(Answered) Thenbsp13-year 1000nbspper bonds of vail inc paynbsp13

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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 $1,080 percent. The current market price for the bond is $1,080. What is your yield to maturity on the Vail bonds given the current market price of the? bonds?

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