Question: ( Bond Valuation ) Fingen's 1 4 - year, $ 1 , 0 0 0 par value bonds pay 9 percent interest annually. The market

(Bond Valuation) Fingen's 14-year, $1,000 par value bonds pay 9 percent interest annually. The market price of the bonds is $900 and the market's required yield to maturity on a comparable-risk bond is 12 percent.
A) What is your yield to maturity on the Fingen bonds given the market price of the bonds?
B) Determine the value of the bond given the required rate of return
C) Should you purchase the bond?

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