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# The style="color:rgb(0,0,0);">10-year ​\$1,000 par bonds of Vail Inc. pay 11 percent interest. The​ market's required yield to maturity on a​ comparable-risk bond is 15 percent. The current market price for the bond is \$ 860a.  Determine the yield to maturity.b.  What is the value of the bonds to you given the yield to maturity on a​ comparable-risk bond?c.  Should you purchase the bond at the current market​ price?

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