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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 $ 860


a.  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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