The 11-year, $1000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is $865, and the market's required yield to maturity on a comparable-risk bond is 15 percent. a) Compute the bond's yield to maturity. 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?