(Yield to maturity) Fitzgerald's 20-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $945, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference. a. The bond's yield to maturity if the bond pays interest annually is %. (Round to three decimal places.) (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 15-year, $1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is $1,130 and the market's required yield to maturity on a comparable-risk bond is 11 percent. a. Compute the bond's yield to maturity. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond? a. What is your yield to maturity on the Fingen bonds given the market price of the bonds? % (Round to two decimal places.)