Question: The 9 year 1 , 0 0 0 par bonds of Vail Inc.pay 1 5 percent interest. The market s required yield to maturity on

The 9 year 1,000 par bonds of Vail Inc.pay 15 percent interest. The markets required yield to maturity on a comparable risk bond is 16 percent. The current market price fot the bond is 900.
What is the yiels to maturity?
What is the value of the bonds to you given the yield to maturity on a comparable risk bind?
Should you purchase the bond at the current market price?

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