(Rhelated to Checkpoint 9.2 and Checkpoint 9.3). (Bond valuation relationships) The 13 -year, $1,000 par value bonds of Waco industres pay 8 percent inberest aroualy. The market price of the bond is $695, and the makers requied yieid to maturily on a comporable-risk bond is 11 percert. a. Compule the bond y yeld to maturity. b. Determine the velue of the bond to you given the markets nequired yield to matunty on a comparabloriak bond. c. Should you purchase the bond? a. What is youryed to maturty on the Wace bonde given the curert manet price of the bonde? 6. (Round to two secined places.)