11) The 15-year, $1,000 par value bonds of Waco Industries pay 7 percent interest annually. The market price of the bond is $935?,and the? market’s required yield to maturity on a? comparable-risk bond is 9 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?
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