The 18-year, $1,000 par value bonds of Waco Industries pay 12 percent interest annually. The market price of the bond is $895, 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?