P9-17 (similar to) Question Help (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 11-year $1.000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is $885, and the market's required yield to maturity on a comparable-risk bond is 12 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? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? 1% (Round to two decimal places.) iter nis tet ark: Co ma