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Fingen's 13​-year, ​$1000 par value bonds pay 12 percent interest annually. The market price of the...

Fingen's 13​-year, ​$1000 par value bonds pay 12 percent interest annually. The market price of the bonds is ​$880 and the​ market's required yield to maturity on a​ comparable-risk bond is 13 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?

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C. Purchase the bond

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