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The 8​-year ​$1000 par bonds of Vail Inc. pay 13 percent interest. The​ market's required yield...

The 8​-year ​$1000 par bonds of Vail Inc. pay 13 percent interest. The​ market's required yield to maturity on a​ comparable-risk bond is 18 percent. The current market price for the bond is $ 860.

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 Vail bonds given the current market price of the​ bonds?

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