Question: You are considering purchasing a 1 5 - year, $ 1 , 0 0 0 - par - value bond for $ 9 8 5

You are considering purchasing a 15-year, $1,000-par-value bond for $985.The coupon rate on this bond is 9%.What is the yield-to-maturity?If your required return is 10%, should you purchase this bond?

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