Question: The 1 5 - year $ 1 0 0 0 par bonds of Vail Inc. pay 1 2 percent interest. The market's required yield to

The 15-year $1000 par bonds of Vail Inc. pay 12 percent interest. The market's required yield to maturity on a comparable-risk bond is 9 percent. The current market price for the bond is $1150.
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? a.What is your yield to maturity on the Fingen bonds given the market price of the bonds?
enter your response here%(Round to two decimal places.)

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