Hello, Hoping to get help with the following: (Bond valuationrelationships) The 12-year, $1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is $1,095, and themarket's required yield to maturity on acomparable-risk bond is 8 percent.

a.Compute thebond's yield to maturity.

b.Determine the value of the bond to you given themarket's required yield to maturity on acomparable-risk bond.

c.Should you purchase thebond?

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

nothing

% (Round to two decimalplaces.)

Thank you,

Seyhan