price of the bond of Dream Vacations, Inc. is currently $1,234.6379. The bond was issued 8 years ago with a 30 year maturity. The par value and coupon rate are, respectively, $1000 and 10.34%. Interest is paid semi-annually. The required rate of return for such a bond investments is 8.2%. What is the yield to maturity and should it be bought?
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