(Related to Checkpoint 9.2 and Checkpoint 8.3) (Bond valuation relationships) The 14-year, $1,000 par value bonds of Waco Industries pay 7 percent interest annually. The market price of the bond is $865, 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 market's required yield to maturity on a comparable-risk bond e. Should you purchase the bond? What is your yield to maturity on the Waco bonds given the current market price of the bonds? (Round to two decimal places.) b. What should be the value of the Wisco bonds given the marker's required yield to maturity on a comparable-risk bond? You (Round to the nearest cent) purchase the Waco bonds at the current market price because they are currently (Select from the drop-down menus)