Question: The 8 - year $ 1 comma 0 0 0 par bonds of Vail Inc. pay 9 percent interest. The market's required yield to maturity

The 8-year $1 comma 000 par bonds of Vail Inc. pay 9 percent interest. The market's required yield to maturity on a comparable-risk bond is 12 percent. The current market price for the bond is $ 920.
a.Determine the yield to maturity.
b.What is the value of the bonds to you given the yield to maturity on a comparable-risk bond?
c.Should you purchase the bond at the current market price?
Question content area bottom
Part 1
a. What is your yield to maturity on the Vail bonds given the current market price of the bonds?
enter your response here%(Round to two decimal places.)

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