(Related to Checkpoint 9.2 and Checkpoint 93) (Bond valuation relationships) The 16year, $1,000 par value bonds of Waco Industries pay 12 percent interest annually. The market price of the bond is $945, and the markets required yield to maturity on a comparable-risk bond is II 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 yield to maturity on the Waco bonds given the current market price of the bonds? [](Round to two decimal places.)b. What should be the value of the Waco bonds given the markets required yield to maturity on a comparable-risk bond? $ (Round to the nearest cent.)c. You should purchase the Waco bonds at the current market price because they are should not r currently underpriced . (Select from the drop-down menus.) overpriced