(Related to Checkpoint 9.2 and Checkpoint 9.3 ) (Bond valuation relationships) The 14year,$1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is $955, and the markets required yold to maturity on a comparable-risk bond is 13 percant. a. Compute the bond's yield to maturiny. b. Detormine the value of the bond to you given the markets required yield to matunty on a comparablo-risk bond c. Should you purchase the bond? a. What is your yoid to maturity on the Waco bonds given the current market price of the bonds? \% (Pouind to two docirnat places?)