$($Related to Checkpoint $9\mathrm{.}2$ and Checkpoint $9\mathrm{.}3)($Bond valuation$)$ The $8-$year $$1,000$ par bonds of Vail Inc.

pay $9$ percent interest. The market's required yield to maturity on a comparable$-$risk bond is $13$ percent. The

current market price for the bond is $$890.$

a$.$ Determine the yield to maturity.

b$.$ What is the value of the bonds to you given the yield to maturity on a comparable$-$risk bond?

c$.$ Should you purchase the bond at the current market price?The $8-$year $$$$1$ comma $000$ par bonds of Vail Inc. pay $9$ percent interest. The$$ market's required yield to maturity on a$$ comparable$-$risk bond is $13$ percent. The current market price for the bond is $ $890.$

a$.$Determine the yield to maturity.

b$.$What is the value of the bonds to you given the yield to maturity on a$$ comparable$-$risk bond?

c$.$Should you purchase the bond at the current market$$ price?