$($Related to Checkpoint $9\mathrm{.}2$ and Checkpoint $9\mathrm{.}3)($Bond valuation relationships$)$ The $17-$year,

$$1,000$ par value bonds of Waco. Industries pay $11$ 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$.14$ 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 compar$$ble$-$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$)$