Question: Please help with the below question. The 11-year, $1,000 par value bonds of Waco Industries pay 6 percent interest annually. The market price of the

Please help with the below question.

The 11-year, $1,000 par value bonds of Waco Industries pay

6 percent interest annually. The market price of the bond is

$865, and the market's required yield to maturity on acomparable-risk bond is 9 percent.

a.Compute the bond's yield to maturity.

b.Determine the value of the bond to you, given the market's required yield to maturity on acomparable-risk bond.

c.Should you purchase the bond?

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