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( Bond valuation relationships ) The 1 3 year, $ 1 , 0 0 0 par value bonds of Waco Industries pay percent interest annually.

(Bond valuation relationships) The 13 year, $1,000 par value bonds of Waco Industries pay percent interest annually. The market price of the bond is $1,155 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?
enter your response here%(Round to two decimal places.)

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