Question: The 1 4 - year $ 1 , 0 0 0 par bonds of Vail Inc. pay 1 2 percent interest. The market's required yield

The 14-year $1,000 par bonds of Vail Inc. pay 12 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 $910.
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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Part 1
a. What is your yield to maturity on the Vail bonds given the current market price of the bonds?
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