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​(Related to Checkpoint 9.2 and Checkpoint​ 9.3)  ​(Bond valuation​ relationships) The 19​-year, ​$1000 par value bonds...

​(Related to Checkpoint 9.2 and Checkpoint​ 9.3)  ​(Bond valuation​ relationships) The 19​-year, ​$1000 par value bonds of Waco Industries pay 7 percent interest annually. The market price of the bond is ​$895​, and the​ market's required yield to maturity on a​ comparable-risk bond is 10 percent. a.  Compute the​ bond's yield to maturity. b.  Determine the value of the bond to you given the​ market's required yield to maturity on a​ comparable-risk bond. c.  Should you purchase the​ bond? a.  What is your yield to maturity on the Waco bonds given the current market price of the​ bonds? nothing​% ​ (Round to two decimal​ places.)

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