11/12 Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation relationships) The 16-year, $1 comma 000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is $1 comma 145, and the market's required yield to maturity on a comparable-risk bond is 6 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?