$($Bond valuation$)$

The $11-$year $$$$1,000$ par bonds of Vail Inc. pay $13$ percent interest. The$$ market's required yield to maturity on a$$ comparable$-$risk bond is $12$ percent. The current market price for the bond is $$950.$

a$.$ Determine the yield to maturity.

b$.$ What is the value of the bonds to you given the yield to maturity on a comparable$-$risk bond?

c$.$ Should you purchase the bond at the current market$$ price?