The 19-year 1000 par value bonds of waco industries pay 9, Finance Basics

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The 19-year 1000 par value bonds of waco industries pay 9

The 19-year, $1,000 par value bonds of Waco Industries pay 9 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 11 percent. (a ) compute the bond's yield maturity. (b) Determine the value of the bond to you given the market's required yield to maturity on a comparable-risk bond? Please show work so I can understand how to do the calculations.

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Finance Basics: The 19-year 1000 par value bonds of waco industries pay 9

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Finance Basics: The 19-year 1000 par value bonds of waco industries pay 9

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