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?(Bond valuation)  The 9?-year ?$1,000 par bonds of Vail Inc

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?(Bond valuation)  The 9?-year ?$1,000 par bonds of Vail Inc. pay 13 percent interest. The? market's required yield to maturity on a? comparable-risk bond is 14 percent. The current market price for the bond is $1,050.

a.  Determine the yield to maturity.

b.  What is the value of the bonds to you given the yield to maturity on a? comparable-risk bond?

c.  Should you purchase the bond at the current market? price?