Part 1 of 3 (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 $905, and the market's required yield to maturity on a comparable-risk bond is 12 percent. of 50 points O Points: 0 of 5 Save 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? % (Round to two decimal places.)