Homework: 7-1 MyFinanceLab Assignment Score: 0 of 5 pts P9-17 (similar to) Save HW Score: 20%, 10 of 50 pts i Question Help * 11 of 12 (4 complete) (Related to Checkpoint 9.2 and Checkpoint 193) (Bond valuation relationships) The 13-year, $1,000 par value bonds of Waco Industries pay 7 percent interest annually. The market price of the bond is $1.105, and the market's required yield to maturity on a comparable-risk bond is 4 p a. Compute the bond's yield to maturity b. Determine the value of the bond to you given the markets required yield to maturity on a comparable-risk boncd a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? 11% (Round to two decimal places) Enter your answer in the answer box and then click Check Answer 2