Question: Hello, please help me with this, I continue to get it incorrect. {Related to Checkpoint 9.2 and Checkpoint 9.3] {Bond valuation relationships] The 14-year: $1,001)

Hello, please help me with this, I continue to get it incorrect.

{Related to Checkpoint 9.2 and Checkpoint 9.3] {Bond valuation relationships] The 14-year: $1,001) par value bonds of Waco Industries pay 12 percent interest annually. The market price ofthe bond is $865: and the market's required yield to maturity on a comparable-risk bond is 16 percent. a. Compute the bonds yield to maturity. [3. Determine the value otthe bond to you given the market's required yield to maturity on a comparablerisk bond. c. Should you purchasethe bond? . ) a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? |:|% (Round to two decimal places.)

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