(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 14-yoar, $1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market proce of the bond is $955, and the market's required yeid to maturity on a comparable-risk bond is 13 porcent. a. Compute the bond's yield to maturity: b. Deternine the vaiue of the bond to you given the markefs required yiold to maturity on a comparable-risk bond c. Should you purchase the bend? a. What is your yeld to maturity on the Wace bonds given the current market price of the bonds? K. (Round to two decinal places )