The $18-$year, $$1000$ par value bonds of Waco Industries pay $11$ percent interest annually. The market price of the bond is $$855,$ and the markets required yield to maturity on a comparable risk bond is $12$ percent.

a$.$compute the bonds yield to maturity.

b$.$ determine the value of the bond to you given the markets required yield to maturity

on a comparable risk bond.

c$.$ should you purchase the bond?