a.What is your yield to maturity on the Waco bonds given the current market price of the bonds?

b.What should be the value of the Waco bonds given the market's required yield to maturity on a comparable-risk bond?

c.You -should/ should not- purchase the Waco bonds at the current market price because they are currently -overpriced/ underpriced-.

(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 13-year, $1,000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is $1,135, and the market's required yield to maturity on a comparable-risk bond is 6 percent