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Business, 05.11.2019 04:31 AnastasiaJauregui
The 15-year, $1,000 par value bonds of waco industries pay 8 percent 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 10 percent.
a. compute the bond's yield to maturity.
b. determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond.
c. should you purchase the bond?
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The 15-year, $1,000 par value bonds of waco industries pay 8 percent interest annually. the market p...
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