$($Related to Checkpoint $9\mathrm{.}2$ and Checkpoint$9\mathrm{.}3)($Bond valuation$)$Fingen$\text{'}$s

$19-$year,

$$$$1,000$

par value bonds pay

$11$

percent interest annually. The market price of the bonds is

$$$$1,050$

and the$$ market's required yield to maturity on a$$ comparable$-$risk bond is

$12$

percent.

a$.$Compute the$$ bond's yield to maturity.

b$.$Determine the value of the bond to$$ you, given your required rate of return.

c$.$Should you purchase the$$ bond?

a$.$What is your yield to maturity on the Fingen bonds given the market price of the$$ bonds?

nothing$\%$

$($Round to two decimal$$ places.$)$