(Yield to maturity) The market price is $950 for a 20-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is 11%. (Round to two decimal places.) (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 14-year, $1,000 par value bonds pay 9 percent interest annually. The market price of the bonds is $1,100 and the market's required yield to maturity on a comparable-risk bond is 10 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. S hould you purchase the bond