?(Bond valuation) ?Fingen's 14?-year, ?$1,000 par value bonds pay 8 percent interest annually. The market price of the bonds is ?$1,140 and the? market's required yield to maturity on a? comparable-risk bond is 5 percent.
a. Compute the? bond's yield to maturity.
b. Determine the value of the bond to? you, given your required rate of return.
c. Should you purchase the? bond?
a. What is your yield to maturity on the Fingen bonds given the market price of the? bonds? % ?(Round to two decimal? places.)