(Related to Checkpoint 0.2 and Checkpoint 9.3) (Bond valuation relationships) The 19-year $1,000 par value bonds of Waco Industries pay 9 percent interest annually. The market price of the bond is $1.075, and the markets required yield to maturity on a comparable-risk bond is 10 percent. a Compute the bond's yield to maturity b. Determine the value of the bond to you given the markers required yield to maturity on a comparable-risk bond. 6. Should you purchase the bond? a. What is your yold to maturity on the Waco bonds given the current market price of the bonds? % (Round to two decimal places.)