The $12-$year, $$1,000$ par value bonds of Waco Industries pay $9$ percent interest annually. The market price of the bond is $$955,$ and the market's required yield to maturity on a comparable$-$risk bond is $11$ percent.

a$)$ what is your yield to maturity on the Waco bonds given the current market price of the bonds?

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?