The 8-year $1,000 par bonds of Vail Inc. pay 11 percent interest. The market's required yield to maturity on a comparable-risk bond is 8 percent. The current market price for the bond is $1,060. 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? Question content area bottom Part 1 a. What is your yield to maturity on the Vail bonds given the current market price of the bonds? enter your response here% (Round to two decimal places.)