(Bond valuation relationships) The 15-year,$1 comma 000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is$935, and the market's required yield to maturity on acomparable-risk bond is 10 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 a comparable-risk bond. c. Should you purchase the bond? Question content area bottom Part 1 a. What is your yield to maturity on the Waco bonds given the current market price of the bonds?% (Round to two decimal places.)