(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 11-year, $1,000 par value bonds of Waco industries pay 7 percent interest annually. The market price of the bond is $955, and the market's required yield to maturity on a comparable-risk bond is 9 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. c. Should you purchase the bond? a. What is your yiald to maturity on the Waco bonds given the current market price of the bonds? W. (Round to two decimal places.) b. Whim should be the value of the Waco bonds given the maket's recuired yield to maturity on a comparable-fisk bond? (Round to the mearest cont.) c. You purchase tho Waco bonds at the curtent market price bocause they are curtently (Select from the drop-down monus.)