Problem $9\mathrm{.}3$: Waco Industries recently issued $15-$year, $$1,000$ par value bonds that pay $5\mathrm{.}5$ percent annual interest and makes interest payments on an annual basis. The market price of the bond is $$900,$ and the market's required yield to maturity

on a comparable$-$risk bond is $6$ percent.Use excel and excel formulas to solve.

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$.$

$\backslash$table$[[$Coupon rate,$5\mathrm{.}5\%$