The 14-year, $1,000 par value bonds of Waco Industries pay 11 percent interest annually.

The 14​-year, $1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is $1,125​, and the​ market's required yield to maturity on a​ comparable-risk bond is 8 percent.

a. Compute the​ bond's yield to maturity. (Round to two decimal places.)

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?