(Bond valuation relationships) The 17-year, $1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is $1,135, and the market's required yield to maturity on acomparable-risk bond is 8 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? What is your yield to maturity on the Waco bonds given the current market price of the bonds? % round to TWO decimals