Question: ( Bond Valuation ) The 8 - year $ 1 , 0 0 0 par bonds of Vail Inc. pay 1 5 percent interest. The

(Bond Valuation) The 8-year $1,000 par bonds of Vail Inc. pay 15 percent interest. The market's required yield to maturity on a comparable-risk bond is 20 percent. The current market price for the bond is $850.
A) Determine yield to maturity given current market price of bonds
B) What is the value of the bonds to you given rhe yield to maturity on a comparable-risk bond?
C) Should you purchase the bond at current market price?

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