bonds of Vail Inc.

/in /by

The14-year $1,000 par bonds of Vail Inc. pay 12percent interest. The market’s required yield to maturity on a comparable-risk bond is 9

percent. The current market price for the bond is $1,130. Determine the yield to maturity?What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? Should you purchase the bond at the current market price

 
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