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$ 8 8 5 , and the market's required yield to maturity on a comparable - risk bond is 1 2 percent. a . Compute

$885, and the market's required yield to maturity on a comparable-risk bond is 12 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?
a. What is your yield to maturity on the Waco bonds given the current market price of the bonds?
(Round to two decimal places )
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