content area top Part 1 (Related to Checkpoint 9.2 and Checkpoint 9.3)(Bond valuation relationships) The 16-year, $1,000 par value bonds of Waco Industries pay 9 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? Question content area bottom Part 1 a.What is your yield to maturity on the Waco bonds given the current market price of the bonds? enter your response here%