Question Help (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 13-year $1.000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the band is $865 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 bona 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)