The 18 year, $1000 par value bonds of Waco industries pay 9% interest annually. The market price of the bond is $1,095, markets required yield to maturity on a comparable risk bond is 6%.

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? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? % (Round to two decimal places.)