The 11-year $1,000 par bonds of Vail Inc. pay 9 percent interest. The market's required yield to maturity on a comparable-risk bond is 11 percent. The current market price for the bond is $940. a.Determine the yield 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?

(Round to two decimal places.) Thank you!