(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships] The \"year $1,000 par value bonds of Waco industries pay'i' percent interest annually. The market price of the bond IS 31145 and the market's reqUired yield to maturity on a comparablerisk bond is 4 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 comparablerisk bond c. Should you purchase the bend? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? % (Round to two deCimal places.)