3. Waco Industries 15-year, $1,000 par value bonds pat 8 percent interest annually. The market price...

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3. Waco Industries 15-year, $1,000 par value bonds pat 8 percent interest annually. The market price of the bonds is $1,085, and your required rate of return is 10 percent. a. Compute the bond's expected rate of return. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond? 3. Waco Industries 15-year, $1,000 par value bonds pat 8 percent interest annually. The market price of the bonds is $1,085, and your required rate of return is 10 percent. a. Compute the bond's expected rate of return. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond?