The 11-vear $1.00U par bonds ot Vail Inc. pay Y percent interest. The market's required vield to maturity on a comparable-risk bond is 12 percent. The current market price
for the bond is $930
a. Determine the yleld to maturity
b. What is the value of the bonds to vou given the vield to maturity on a comparable-risk bond?
Should vou purchase the bond at the current market price?