(Related to Cheekpoint 9.2 and Checkpoint 9.3 ) (Bond valuation) The 15-year $1,000 par bonds of Vai Inc. pay 15 percent interest. The markefs required yleid to maturity on a comparable-tisk bond is 14 percent. The current market price for the bend is $1,140. a. Determine the yield to maturity. b. What is the vatue of the bonds to you given the yield to maturity on a comparable-risk bond? c. Should you purchase the bond at the current market price? a. What is your yleid to maturity on the Val bonde given the current market price of the bonds? (Round to two decimal places.)