The ten-year, $1,000 par value bonds of Vail, Inc. pay 7.0 percent annual coupon interest and makes interest payments semi-annually. The market's required yield to maturity on a comparable-risk bond is 6 percent. The current price for the bond is $1,025.

a. Determine the Yield to Maturity.

b. What is the value of the bond to you given the yield to maturity on a comparable-risk bond?

c. Should you purchase the bond at the current market price?