(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) The 11-year $1,000 par bonds of Vail Inc, pay 11 percent interest. The market's required yield to maturity on a comparable-risk bond is 7 percent. The cumrent market price for the bond is $1,140. a. Determine the yield to maturity. b. What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? e. Should you purchase the bond at the current market price? a. What is your yield to maturity on the Vail bonds given the ourrent market price of the bonds? s (Round to two decimal places.)