{Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships} The 16-year, $1,000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is 5355, and the market's required yield to maturityon a comparablerisk bond is 11 percent. a. Compute the band's yield to maturity. b. Determine the value of the bond to you given the market's required yield to matunty on a comparable-rick bond. 1:. Should you purchase the bond? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? '96 (Round to two decimal places.)