(Rolated to Checkpoint 9.2 and Checkpoint 9.3 ) (Bond valuation) The 15 year $1,000 par bonds of Vail inc. pay 15 percent interest. The markafs requred yiold to maturity or a comparable-risk bond is 18 percent. The current market price for the bond is $920. a. Determine the yieid to maturity. b. What is the value 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 yield to maturity on the Vail bands given the current market price of the bonds? (Round to two decimal places.)