9.(Bond valuation)The 10-year $1,000 par bonds of Vail Inc. pay 11 percent interest. Themarket's required yield to maturity on acomparable-risk bond is 14 percent. The current market price for the bond is $900.

a. What is your yield to maturity % on the Vail bonds given the current market price of thebonds? (Round to two decimal places)

b.What is the value of the bonds to you given the yield to maturity on acomparable-risk bond? ($, Round to two decimal places)

c.Should you purchase the bond at the current marketprice?